Article 1 The purpose of this Act is, by formulating, for debtors in financial difficulties, rehabilitation plans as consented to by a number of their creditors and confirmed by the court, to appropriately coordinate the relationships of rights under civil law between such debtors and creditors, with the aim of ensuring the rehabilitation of the debtors' business or economic life.

（定義）

(Definitions)

第二条 この法律において、次の各号に掲げる用語の意義は、それぞれ当該各号に定めるところによる。

Article 2 In this Act, the meanings of the terms listed in the following items shall be as prescribed respectively in those items:

(i) Rehabilitation debtor: A debtor in financial difficulties against whom a petition for rehabilitation proceedings has been filed or an order of commencement of rehabilitation proceedings has been made or for whom a rehabilitation plan is being executed

二 再生債務者等 管財人が選任されていない場合にあっては再生債務者、管財人が選任されている場合にあっては管財人をいう。

(ii) Rehabilitation debtor, etc.: The rehabilitation debtor in cases where no trustee is appointed, or a trustee in cases where any trustee is appointed

三 再生計画 再生債権者の権利の全部又は一部を変更する条項その他の第百五十四条に規定する条項を定めた計画をいう。

(iii) Rehabilitation plan: A plan that specifies clauses for modifying some or all of the rights of rehabilitation creditors or any other provisions prescribed in Article 154

四 再生手続 次章以下に定めるところにより、再生計画を定める手続をいう。

(iv) Rehabilitation proceedings: Proceedings for formulating a rehabilitation plan as provided for in the following Chapter and thereafter

（外国人の地位）

(Status of Foreign Nationals)

第三条 外国人又は外国法人は、再生手続に関し、日本人又は日本法人と同一の地位を有する。

Article 3 A foreign national or foreign juridical person shall have the same status as a Japanese national or Japanese juridical person, respectively, with respect to rehabilitation proceedings.

Article 4 (1) A petition for commencement of rehabilitation proceedings under the provisions of this Act may be filed only if the debtor, who is an individual, has a business office, domicile, residence or property in Japan, or if the debtor, who is a juridical person or any other association or foundation, has a business office or other office or property in Japan.

Article 5 (1) A rehabilitation case shall be subject to the jurisdiction of the district court that has jurisdiction over: if the rehabilitation debtor engages in commercial business, the location of the rehabilitation debtor's principal business office; if the rehabilitation debtor engages in commercial business and has a principal business office in a foreign state, the location of the rehabilitation debtor's principal business office in Japan; if the rehabilitation debtor does not engage in commercial business or engages in commercial business but does not have any business office, the location of the rehabilitation debtor's general venue.

(2) If there is no court with jurisdiction under the provision of the preceding paragraph, the rehabilitation case shall be subject to the jurisdiction of the district court that has jurisdiction over the location of the rehabilitation debtor's assets (in the case of a claim, the place where demand by litigation may be made).

(3) Notwithstanding the provisions of the preceding two paragraphs, where a juridical person holds the majority of voting rights (excluding the voting rights of the shares of stock which may not be exercised for all matters that may be resolved at a shareholders meeting, and including the voting rights of the shares of stock for which the shareholder is deemed to have voting rights pursuant to the provision of Article 879 (3) of the Companies Act (Act No. 86 of 2005); hereinafter the same shall apply in the following paragraph, Article 59 (3)(ii) and (4) and Article 127-2 (2)(ii)(a) and (b)) of all shareholders of a stock company, if a rehabilitation case or reorganization case (hereinafter referred to as a "rehabilitation case, etc." in this Article) is pending against said juridical person (hereinafter referred to as a "parent juridical person" in this Article and Article 127-2 (2)(ii)(b)), a petition for commencement of rehabilitation proceedings against said stock company (hereinafter referred to as a "subsidiary stock company" in this Article and Article 127-2 (2)(ii)(b)) may also be filed with the district court before which the rehabilitation case, etc. against the parent juridical person is pending, and if a rehabilitation case, etc. is pending against the subsidiary stock company, a petition for commencement of rehabilitation proceedings against the parent juridical person may also be filed with the district court before which the rehabilitation case, etc. against the subsidiary stock company is pending.

(4) Where the subsidiary stock company independently holds or the parent juridical person and the subsidiary stock company jointly hold the majority of voting rights of all shareholders of another stock company, the provision of the preceding paragraph shall be applied by deeming such other stock company as a subsidiary stock company of the parent juridical person.

(5) Notwithstanding the provisions of paragraph (1) and paragraph (2), where a stock company, as provided for by Article 444 of the Companies Act, has prepared consolidated financial statements (meaning consolidated financial statements prescribed in paragraph (1) of said Article) for the most recent business year with regard to the stock company itself and another juridical person, and reported the contents thereof at an annual shareholders meeting of the stock company, if a rehabilitation case, etc. is pending against the stock company, a petition for commencement of rehabilitation proceedings against such other juridical person may also be filed with the district court before which the rehabilitation case, etc. against the stock company is pending, and if a rehabilitation case, etc. is pending against such other juridical person, a petition for commencement of rehabilitation proceedings against the stock company may also be filed with the district court before which the rehabilitation case, etc. against such other juridical person is pending.

(6) Notwithstanding the provisions of paragraph (1) and paragraph (2), where a rehabilitation case, etc. is pending against a juridical person, a petition for commencement of rehabilitation proceedings against the representative person of the juridical person may also be filed with the district court before which the rehabilitation case, etc. against the juridical person is pending, and where a rehabilitation case is pending against the representative person of a juridical person, a petition for commencement of rehabilitation proceedings against the juridical person may also be filed with the district court before which the rehabilitation case against the representative person of the juridical person is pending.

(7) Notwithstanding the provisions of paragraph (1) and paragraph (2), if a rehabilitation case is pending against either one of the persons set forth in each of the following items, a petition for commencement of rehabilitation proceedings against the other person set forth in the respective items may also be filed with the district court before which the rehabilitation case is pending:

一 相互に連帯債務者の関係にある個人

(i) Individuals who are joint and several debtors with each other

二 相互に主たる債務者と保証人の関係にある個人

(ii) Individuals one of whom is a principal debtor and the other is his/her guarantor

(8) Notwithstanding the provisions of paragraph (1) and paragraph (2), if there are 500 or more rehabilitation creditors, a petition for commencement of rehabilitation proceedings may also be filed with the district court that has jurisdiction over the location of the high court that has jurisdiction over the location of the court with jurisdiction under these provisions.

(9) Notwithstanding the provisions of paragraph (1) and paragraph (2), if there are 1,000 or more rehabilitation creditors, a petition for commencement of rehabilitation proceedings may also be filed with the Tokyo District Court or the Osaka District Court.

１０ 前各項の規定により二以上の地方裁判所が管轄権を有するときは、再生事件は、先に再生手続開始の申立てがあった地方裁判所が管轄する。

(10) If two or more district courts have jurisdiction over a rehabilitation case pursuant to the provisions of the preceding paragraphs, the rehabilitation case shall be subject to the jurisdiction of the district court with which the first petition for commencement of rehabilitation proceedings is filed.

（専属管轄）

(Exclusive Jurisdiction)

第六条 この法律に規定する裁判所の管轄は、専属とする。

Article 6 The court jurisdiction prescribed in this Act shall be exclusive.

Article 7 The court, when it finds it necessary in order to avoid substantial detriment or delay, by its own authority, may transfer a rehabilitation case to any of the following district courts:

一 再生債務者の主たる営業所又は事務所以外の営業所又は事務所の所在地を管轄する地方裁判所

(i) The district court that has jurisdiction over the location of the rehabilitation debtor's business office or other office other than the rehabilitation debtor's principal business office or other principal office

二 再生債務者の住所又は居所の所在地を管轄する地方裁判所

(ii) The district court that has jurisdiction over the location of the rehabilitation debtor's domicile or residence

三 第五条第二項に規定する地方裁判所

(iii) The district court prescribed in Article 5 (2)

四 次のイからハまでのいずれかに掲げる地方裁判所

(iv) Any of the district courts listed in (a) to (c) below:

イ 第五条第三項から第七項までに規定する地方裁判所

(a) The district court prescribed in Article 5 (3) to (7)

ロ 再生債権者の数が五百人以上であるときは、第五条第八項に規定する地方裁判所

(b) If there are 500 or more rehabilitation creditors, the district court prescribed in Article 5 (8)

ハ 再生債権者の数が千人以上であるときは、第五条第九項に規定する地方裁判所

(c) If there are 1,000 or more rehabilitation creditors, the district court prescribed in Article 5 (9)

(v) If the rehabilitation case is pending pursuant to the provisions of Article 5 (3) to (9) at the district court prescribed in the respective provisions, the district court prescribed in paragraph (1) or paragraph (2) of said Article

（任意的口頭弁論等）

(Optional Oral Argument, etc.)

第八条 再生手続に関する裁判は、口頭弁論を経ないですることができる。

Article 8 (1) A judicial decision concerning rehabilitation proceedings may be made without oral argument.

２ 裁判所は、職権で、再生事件に関して必要な調査をすることができる。

(2) The court, by its own authority, may conduct necessary investigation on a rehabilitation case.

Article 9 A person who has an interest in a judicial decision concerning rehabilitation proceedings, only as specially provided for in this Act, may file an immediate appeal against the judicial decision. The period for filing, where a public notice of the juridical decision is made, shall be two weeks from the day on which such public notice becomes effective.

（公告等）

(Public Notice, etc.)

第十条 この法律の規定による公告は、官報に掲載してする。

Article 10 (1) A public notice under the provisions of this Act shall be effected by publication in an official gazette.

２ 公告は、掲載があった日の翌日に、その効力を生ずる。

(2) A public notice shall become effective on the day following the day on which it is publicized.

(3) Where a service is required to be made pursuant to the provisions of this Act, it may be substituted by a public notice; provided, however, that this shall not apply where both public notice and service are required to be made pursuant to the provisions of this Act.

４ この法律の規定により裁判の公告がされたときは、一切の関係人に対して当該裁判の告知があったものとみなす。

(4) When a public notice of a judicial decision is made pursuant to the provisions of this Act, it shall be deemed that all interested parties are notified of the judicial decision.

５ 前二項の規定は、この法律に特別の定めがある場合には、適用しない。

(5) The provisions of the preceding two paragraphs shall not apply where special provisions exist in this Act.

（法人の再生手続に関する登記の嘱託等）

(Commission of Registration, etc. on Rehabilitation Proceedings of Juridical Person)

Article 11 (1) Where a an order of commencement of rehabilitation proceedings is made against the rehabilitation debtor who is a juridical person, a court clerk, by his/her own authority, without delay, shall commission the registry office having jurisdiction over the location of each business office or other office of the rehabilitation debtor (limited to such office for which a person who serves as a representative person of the juridical person is designated as one of the matters to be registered at the location of the business office or other office in question) to make a registration of the commencement of rehabilitation proceedings; provided, however, that if the rehabilitation debtor is a foreign company, such commission shall be made to the registry office having jurisdiction over the domicile of its representative person for Japan (limited to one who has a domicile in Japan) (in the case of a foreign company that has business offices in Japan, the location of each such business office).

(2) Where a disposition under the provisions of Article 54 (1), Article 64 (1) or Article 79 (1) (including cases where applied mutatis mutandis pursuant to paragraph (3) of said Article; the same shall apply in the following paragraph) is made against the rehabilitation debtor set forth in the preceding paragraph, a court clerk, by his/her own authority, without delay, shall commission the registry office prescribed in the preceding paragraph to make a registration of said disposition.

３ 前項の登記には、次の各号に掲げる区分に応じ、それぞれ当該各号に定める事項をも登記しなければならない。

(3) When making the registration set forth in the preceding paragraph, the matters specified in each of the following items shall also be registered for the categories of registrations listed in the respective items:

一 前項に規定する第五十四条第一項の規定による処分の登記 監督委員の氏名又は名称及び住所並びに同条第二項の規定により指定された行為

(i) Registration of a disposition under the provision of Article 54 (1) prescribed in the preceding paragraph: The name and address of a supervisor, and the acts designated pursuant to the provision of paragraph (2) of said Article

(ii) Registration of a disposition under the provisions of Article 64 (1) or Article 79 (1) prescribed in the preceding paragraph: The name and address of a trustee or provisional administrator, if permission set forth in the proviso to Article 70 (1) (including cases where applied mutatis mutandis pursuant to Article 83 (1); hereinafter the same shall apply in this item) is granted for independent performance of duties by each trustee or provisional administrator, a statement to that effect, and if permission set forth in the proviso of Article 70 (1) is granted for division of duties among trustees or provisional administrators, a statement to that effect and the contents of the duties assigned to each trustee or provisional administrator

４ 第二項の規定は、同項に規定する処分の変更若しくは取消しがあった場合又は前項に規定する事項に変更が生じた場合について準用する。

(4) The provision of paragraph (2) shall apply mutatis mutandis where a disposition prescribed in said paragraph is changed or revoked or there is a change to any of the matters prescribed in the preceding paragraph.

５ 第一項の規定は、同項の再生債務者につき次に掲げる事由が生じた場合について準用する。

(5) The provision of paragraph (1) shall apply mutatis mutandis where any of the following events occurs with regard to the rehabilitation debtor set forth in said paragraph:

一 再生手続開始の決定の取消し、再生手続廃止又は再生計画認可若しくは不認可の決定の確定

(i) An order of revocation of the order of commencement of rehabilitation proceedings, an order of discontinuance of rehabilitation proceedings or an order of confirmation or disconfirmation of the rehabilitation plan becomes final and binding

二 再生計画取消しの決定の確定（再生手続終了前である場合に限る。）

(ii) An order of revocation of the rehabilitation plan becomes final and binding (limited to cases where rehabilitation proceedings have not yet been closed)

三 再生手続終結の決定による再生手続の終結

(iii) Rehabilitation proceedings terminate as a result of an order of termination of rehabilitation proceedings

(6) A registrar, when making a registration of the commencement of rehabilitation proceedings pursuant to the provision of paragraph (1), by his/her own authority, shall cancel a registration of the commencement of special liquidation against the rehabilitation debtor, if there is any such registration.

(7) A registrar, when making a registration of the revocation of an order of commencement of rehabilitation proceedings pursuant to the provision of paragraph (5)(i), by his/her own authority, shall restore a registration cancelled under the provision of the preceding paragraph, if there is any such registration.

８ 第六項の規定は、第五項第一号の規定により再生計画の認可の登記をする場合における破産手続開始の登記について準用する。

(8) The provision of paragraph (6) shall apply mutatis mutandis to a registration of the commencement of bankruptcy proceedings in the case of making a registration of the confirmation of the rehabilitation plan pursuant to the provision of paragraph (5)(i).

（登記のある権利についての登記等の嘱託）

(Commission of Registration, etc. on Registered Rights)

第十二条 次に掲げる場合には、裁判所書記官は、職権で、遅滞なく、当該保全処分の登記を嘱託しなければならない。

Article 12 (1) In the following cases, a court clerk, by his/her own authority, without delay, shall commission a registration of the temporary restraining order concerned:

(i) Where a temporary restraining order under the provision of Article 30 (1) (including cases where applied mutatis mutandis pursuant to Article 36 (2)) is issued with respect to any registered right that belongs to the rehabilitation debtor's assets (meaning any and all property held by the rehabilitation debtor; the same shall apply hereinafter)

(ii) Where a temporary restraining order under the provision of Article 134-2 (1) (including cases where applied mutatis mutandis pursuant to paragraph (7) of said Article) or Article 142 (1) or (2) is issued with respect to any registered right.

２ 前項の規定は、同項に規定する保全処分の変更若しくは取消しがあった場合又は当該保全処分が効力を失った場合について準用する。

(2) The provision of the preceding paragraph shall apply mutatis mutandis where the temporary restraining order prescribed in said paragraph is changed or revoked or such temporary restraining order ceases to be effective.

(3) Where an order of commencement of rehabilitation proceedings is made, a court clerk, when he/she becomes aware that there is a registration under the provision of Article 938 (3) of the Companies Act (including cases where applied mutatis mutandis pursuant to paragraph (4) of said Article) with regard to any registered right that belongs to the rehabilitation debtor's property, by his/her own authority, without delay, shall commission cancellation of the registration.

(4) Where a registration is cancelled under the provision of the preceding paragraph, when an order to revoke the order of commencement of rehabilitation proceedings has become final and binding, a court clerk, by his/her own authority, without delay, shall commission restoration of the registration cancelled under the provision of said paragraph.

(5) The provision of paragraph (3) shall apply mutatis mutandis where an order of confirmation of the rehabilitation plan has become final and binding, and a court clerk has become aware that there is a registration of the commencement of bankruptcy proceedings involving any registered right that belongs to the rehabilitation debtor's property.

Article 13 (1) Where any act constituting the cause of registration is avoided, a supervisor or trustee shall apply for a registration of avoidance. The same shall apply where a registration is avoided.

２ 登記官は、前項の否認の登記に係る権利に関する登記をするときは、職権で、次に掲げる登記を抹消しなければならない。

(2) A registrar, when making a registration on a right pertaining to the registration of avoidance set forth in the preceding paragraph, by his/her own authority, shall cancel the following registrations:

一 当該否認の登記

(i) The registration of avoidance in question

二 否認された行為を登記原因とする登記又は否認された登記

(ii) The registration arising from the avoided act as the cause of registration, or the avoided registration

三 前号の登記に後れる登記があるときは、当該登記

(iii) Any subsequent registration made after the registration set forth in the preceding item

(3) In the case prescribed in the preceding paragraph, if, after any act is avoided until a registration of avoidance is made, a registration is made with respect to a third party's right (limited to such right whose effect may be asserted in relation to rehabilitation proceedings) the subject matter of which is the right pertaining to the registration set forth in item (ii) of said paragraph, notwithstanding the provision of said paragraph, a registrar, by his/her own authority, shall cancel said registration of avoidance and make a registration of the transfer of the right pertaining to the registration set forth in said item to the rehabilitation debtor.

(4) Where a registration of avoidance set forth in paragraph (1) is made, if, with regard to the rehabilitation debtor, an order of confirmation of the rehabilitation plan becomes final and binding, a court clerk, by his/her own authority, without delay, shall commission cancellation of said registration of avoidance.

(5) In the case prescribed in the preceding paragraph, a registrar, when commissioned by a court clerk to cancel the registration of avoidance, shall cancel the registration listed in paragraph (2)(ii) and (iii) by his/her own authority. In this case, if, after any act is avoided until a registration of avoidance is made, a registration is made with respect to a third party's right the subject matter of which is the right pertaining to the registration set forth in item (ii) of said paragraph, a registrar, by his/her own authority, shall make a registration of the transfer of the right pertaining to the registration set forth in item (ii) of said paragraph to the rehabilitation debtor, instead of canceling the registration listed in item (ii) and item (iii) of said paragraph.

(6) Where a registration of avoidance set forth in paragraph (1) is made, if, with regard to the rehabilitation debtor, an order of revocation of the order of commencement of rehabilitation proceedings or an order of disconfirmation of the rehabilitation plan becomes final and binding, or an order of discontinuance of rehabilitation proceedings becomes final and binding before an order of confirmation of the rehabilitation plan becomes final and binding, a court clerk, by his/her own authority, without delay, shall commission cancellation of said registration of avoidance.

（非課税）

(Exclusion from Taxation)

第十四条 前三条の規定による登記については、登録免許税を課さない。

Article 14 Registration and license tax shall not be imposed on the registrations under the provisions of the preceding three Articles.

（登録への準用）

(Application Mutatis Mutandis to Registered Rights)

第十五条 前三条の規定は、登録のある権利について準用する。

Article 15 The provisions of the preceding three Articles shall apply mutatis mutandis to registered rights.

Article 16 (1) An interested person, pursuant to the provisions of this Act (including other Acts as applied mutatis mutandis pursuant to this Act), may make a request to a court clerk for the inspection of documents and any other objects (hereinafter referred to as "documents, etc." in this Article and paragraph (1) of the following Article) submitted to the court or prepared by the court.

(2) An interested person may make a request to a court clerk for the copying of documents, etc., issuance of an authenticated copy, transcript or extract of documents, etc. or issuance of a certificate of matters concerning the case in question.

(3) The provision of the preceding paragraph shall not apply with respect to documents, etc. which are prepared in the form of audiotapes or videotapes (including objects on which certain matters are recorded by any means equivalent thereto). In this case, upon the request of an interested person with regard to these objects, a court clerk shall permit reproduction thereof.

(4) Notwithstanding the provisions of the preceding three paragraphs, a person set forth in each of the following items may not make a request under the provisions of the preceding three paragraphs until the order, temporary restraining order or judicial decision specified in the respective items is issued or made; provided, however, that this shall not apply where the person in question is a petitioner for commencement of rehabilitation proceedings:

(i) An interested person other than the rehabilitation debtor: A stay order under the provision of Article 26 (1), prohibition order pursuant to the provision of Article 27 (1), temporary restraining order under the provision of Article 30 (1), stay order under the provision of Article 31 (1), disposition under the provisions of Article 54 (1) or Article 79 (1), temporary restraining order under the provision of Article 134-2 (1), stay order under the provision of Article 197 (1) or judicial decision on a petition for commencement of rehabilitation proceedings

(ii) The rehabilitation debtor: A judicial decision to designate the date for oral argument or date for interrogation on which the rehabilitation debtor is to be summoned to appear with respect to a petition for commencement of rehabilitation proceedings, or any order, temporary restraining order or judicial decision specified in the preceding item

（支障部分の閲覧等の制限）

(Restriction on Inspection, etc. of Detrimental Part of Documents, etc.)

Article 17 (1) Where with regard to the following documents, etc., prima facie showing is made to the effect that the documents, etc. in question contain such part that is likely to be significantly detrimental to the maintenance or rehabilitation of the rehabilitation debtor's business or serious damage to the rehabilitation debtor's property if it is subject to the inspection or copying, issuance of an authenticated copy, transcript or extract, or reproduction (hereinafter referred to as "inspection, etc." in this Article) conducted by an interested person (such part of documents, etc. shall hereinafter be referred to as "detrimental part" in this Article), the court, upon the petition of the rehabilitation debtor, etc. (or a provisional administrator if any provisional administrator is appointed; hereinafter the same shall apply in this paragraph and the following paragraph) who submitted the documents, etc. in question, a supervisor, examiner or individual rehabilitation commissioner, may limit persons who may make a request for inspection, etc. of the detrimental part to the persons who has filed the petition and the rehabilitation debtor, etc.:

(ii) Documents, etc. pertaining to the report of the results of the investigation prescribed in Article 62 (2) or Article 223 (3) (including cases where applied mutatis mutandis pursuant to Article 244) or the report under the provisions of Article 125 (2) or (3)

(2) When the petition set forth in the preceding paragraph is filed, no interested person (excluding the person who filed the petition set forth in said paragraph and the rehabilitation debtor, etc.; the same shall apply in the following paragraph) may make a request for inspection, etc. of the detrimental part until a judicial decision on the petition becomes final and binding.

(3) An interested person who intends to make a request for inspection, etc. of the detrimental part may file a petition to the rehabilitation court for revocation of the order made under the provision of paragraph (1), on the grounds that the requirement prescribed in said paragraph is not met or is no longer met.

４ 第一項の申立てを却下した決定及び前項の申立てについての裁判に対しては、即時抗告をすることができる。

(4) An immediate appeal may be filed against an order to dismiss without prejudice the petition set forth in paragraph (1) and a judicial decision on the petition set forth in the preceding paragraph.

５ 第一項の規定による決定を取り消す決定は、確定しなければその効力を生じない。

(5) An order to revoke the order made under the provision of paragraph (1) shall not become effective unless it becomes final and binding.

Article 21 (1) When there is the risk that a fact constituting the grounds for commencement of bankruptcy proceedings would occur to a debtor, the debtor may file a petition for commencement of rehabilitation proceedings to the court. The same shall apply when a debtor is unable to pay his/her debts that are due without causing significant hindrance to the continuation of his/her business.

２ 前項前段に規定する場合には、債権者も、再生手続開始の申立てをすることができる。

(2) In the case prescribed in the first sentence of the preceding paragraph, a creditor may also file a petition for commencement of rehabilitation proceedings.

（破産手続開始等の申立義務と再生手続開始の申立て）

(Obligation to File Petition for Commencement of Bankruptcy Proceedings and Filing of Petition for Commencement of Rehabilitation Proceedings)

Article 22 Even where, pursuant to the provisions of other Acts, a juridical person's director or any other person equivalent thereto shall file a petition for commencement of bankruptcy proceedings or commencement of special liquidation against the juridical person, these provisions shall not preclude these persons from filing a petition for commencement of rehabilitation proceedings.

（疎明）

(Prima Facie Showing)

第二十三条 再生手続開始の申立てをするときは、再生手続開始の原因となる事実を疎明しなければならない。

Article 23 (1) When filing a petition for commencement of rehabilitation proceedings, a petitioner shall make a prima facie showing of the fact constituting the grounds for commencement of rehabilitation proceedings.

２ 債権者が、前項の申立てをするときは、その有する債権の存在をも疎明しなければならない。

(2) A creditor, when filing a petition set forth in the preceding paragraph, shall also make a prima facie showing of the existence of the claim held thereby.

（費用の予納）

(Prepayment of Expenses)

第二十四条 再生手続開始の申立てをするときは、申立人は、再生手続の費用として裁判所の定める金額を予納しなければならない。

Article 24 (1) When filing a petition for commencement of rehabilitation proceedings, a petitioner shall prepay an amount designated by the court as expenses for rehabilitation proceedings.

２ 費用の予納に関する決定に対しては、即時抗告をすることができる。

(2) An immediate appeal may be filed against an order on prepayment of expenses.

Article 24-2 Where a petition for commencement of rehabilitation proceedings is filed, the court, before making an order on said petition, shall hear opinions of the labor union, etc. (meaning the labor union consisting of the majority of the rehabilitation debtor's employees and other workers, if there is any such labor union, or the person representative of the majority of the rehabilitation debtor's employees and other workers, if there is no labor union consisting of the majority of the rehabilitation debtor's employees and other workers; the same shall apply hereinafter, except in Article 246 (3)), except where it is obvious that the court should dismiss said petition with prejudice on the merits or make an order of commencement of rehabilitation proceedings.

（再生手続開始の条件）

(Conditions for Commencement of Rehabilitation Proceedings)

第二十五条 次の各号のいずれかに該当する場合には、裁判所は、再生手続開始の申立てを棄却しなければならない。

Article 25 In any of the following cases, the court shall dismiss with prejudice on the merits a petition for commencement of rehabilitation proceedings:

一 再生手続の費用の予納がないとき。

(i) Where expenses for rehabilitation proceedings are not prepaid

二 裁判所に破産手続又は特別清算手続が係属し、その手続によることが債権者の一般の利益に適合するとき。

(ii) Where bankruptcy proceedings or special liquidation proceedings are pending before the court, and enforcing either proceedings conforms to the common interests of creditors.

三 再生計画案の作成若しくは可決の見込み又は再生計画の認可の見込みがないことが明らかであるとき。

(iii) Where it is obvious that a proposed rehabilitation plan is unlikely to be prepared or approved or a rehabilitation plan is unlikely to be confirmed.

四 不当な目的で再生手続開始の申立てがされたとき、その他申立てが誠実にされたものでないとき。

(iv) Where the petition for commencement of rehabilitation proceedings is filed for an unjustifiable purpose or it is not filed in good faith.

Article 26 (1) Where a petition for commencement of rehabilitation proceedings is filed, the court, when it finds it necessary, upon the petition of an interested person or by its own authority, may order stay of the following procedures or proceedings until an order is made on the petition for commencement of rehabilitation proceedings; provided, however, that this shall only apply, in the case of the procedure set forth in item (ii), if the stay order is not likely to cause undue damage to the rehabilitation creditor who filed the petition for the procedure or proceedings:

一 再生債務者についての破産手続又は特別清算手続

(i) Bankruptcy proceedings or special liquidation proceedings against the rehabilitation debtor

(ii) Procedure for compulsory execution, provisional seizure or provisional disposition which is based on a rehabilitation claim or auction by reason of a right of retention (excluding a right of retention under the provisions of the Commercial Code (Act No. 48 of 1899) or the Companies Act) which is intended to secure a rehabilitation claim, etc. (hereinafter referred to as "compulsory execution based on a rehabilitation claim, etc." in the following Article, Article 29 and Article 39), already initiated against the rehabilitation debtor's property

(3) The court, when it finds it particularly necessary for the continuation of the rehabilitation debtor's business, upon the petition of the rehabilitation debtor (or a provisional administrator if any provisional administrator is appointed), may order the revocation of the procedure stayed pursuant to the provision of paragraph (1)(ii), while requiring security to be provided.

４ 第一項の規定による中止の命令、第二項の規定による決定及び前項の規定による取消しの命令に対しては、即時抗告をすることができる。

(4) An immediate appeal may be filed against a stay order issued under the provision of paragraph (1), an order made under the provision of paragraph (2) and a revocation order issued under the provision of the preceding paragraph.

５ 前項の即時抗告は、執行停止の効力を有しない。

(5) The immediate appeal set forth in the preceding paragraph shall not have the effect of stay of execution.

６ 第四項に規定する裁判及び同項の即時抗告についての裁判があった場合には、その裁判書を当事者に送達しなければならない。

(6) Where a judicial decision prescribed in paragraph (4) and a judicial decision on the immediate appeal set forth in said paragraph are made, the written decisions shall be served upon the parties concerned.

（再生債権に基づく強制執行等の包括的禁止命令）

(Comprehensive Prohibition Order on Compulsory Execution Based on Rehabilitation Claim, etc.)

Article 27 (1) Where a petition for commencement of rehabilitation proceedings is filed, if there are special circumstances where the court finds the risk that it would be impossible to achieve the purpose of the rehabilitation proceedings satisfactorily only by issuing a stay order under the provision of paragraph (1) of the preceding Article, the court, upon the petition of an interested person or by its own authority, may issue an order to prohibit all rehabilitation creditors from enforcing, against the rehabilitation debtor's property, compulsory execution based on a rehabilitation claim, etc., until an order is made on the petition for commencement of rehabilitation proceedings; provided, however, that this shall apply only where the court, in advance or simultaneously, issues a temporary restraining order under the provision of Article 30 (1) with respect to the rehabilitation debtor's principal property or disposition under the provision of Article 54 (1) or Article 79 (1).

(2) Where a prohibition order under the provision of the preceding paragraph (hereinafter referred to as a "comprehensive prohibition order") is issued, the procedure for compulsory execution based on a rehabilitation claim, etc. already initiated against the rehabilitation debtor's property shall be stayed until an order is made on the petition for commencement of rehabilitation proceedings.

(4) The court, when it finds it particularly necessary for the continuation of the rehabilitation debtor's business, upon the petition of the rehabilitation debtor (or a provisional administrator if any provisional administrator is appointed), may order revocation of the procedure for compulsory execution based on a rehabilitation claim, etc. stayed pursuant to the provision of paragraph (2), while requiring security to be provided.

５ 包括的禁止命令、第三項の規定による決定及び前項の規定による取消しの命令に対しては、即時抗告をすることができる。

(5) An immediate appeal may be filed against a comprehensive prohibition order, an order made under the provision of paragraph (3) and a revocation order issued under the provision of the preceding paragraph.

６ 前項の即時抗告は、執行停止の効力を有しない。

(6) The immediate appeal set forth in the preceding paragraph shall not have the effect of stay of execution.

(7) When a comprehensive prohibition order is issued, the prescription shall not be completed with regard to a rehabilitation claim until the day on which two months have elapsed since the day following the day on which the comprehensive prohibition order ceases to be effective.

Article 28 (1) Where a comprehensive prohibition order is issued and an order to change or revoke said order is made, a public notice shall be made to that effect, the written orders shall be served upon the rehabilitation debtor (or a provisional administrator if any provisional administrator is appointed; the same shall apply in the following paragraph) and the petitioner, and a notice of the main text of the respective order shall be given to known rehabilitation creditors and the rehabilitation debtor (limited to cases where a provisional administrator is appointed).

２ 包括的禁止命令及びこれを変更し、又は取り消す旨の決定は、再生債務者に対する裁判書の送達がされた時から、効力を生ずる。

(2) A comprehensive prohibition order and an order to change or revoke said order shall become effective as from the time when the written orders are served upon the rehabilitation debtor.

(3) Where a revocation order under the provision of paragraph (4) of the preceding Article is issued and a judicial decision on an immediate appeal set forth in paragraph (5) of said Article (excluding an order to change or revoke a comprehensive prohibition order) is made, the written order/decision shall be served upon the parties concerned.

Article 29 (1) The court, when it finds, after issuing a comprehensive prohibition order, that the order is likely to cause undue damage to a rehabilitation creditor who filed a petition for compulsory execution based on a rehabilitation claim, etc., upon the petition of said rehabilitation creditor, may make a order that the comprehensive prohibition order shall be cancelled only with regard to said creditor. In this case, the creditor may enforce compulsory execution based on a rehabilitation claim, etc. against the debtor's property, and any procedure for compulsory execution, etc. initiated by said creditor prior to the issuance of the comprehensive prohibition order shall be continued.

(2) For the purpose of application of the provision of Article 27 (7) to a person who obtains a cancellation order under the provision of the preceding paragraph, the phrase "the day on which the comprehensive prohibition order ceases to be effective" in Article 27 (7) shall be deemed to be replaced with "the day on which a cancellation order under the provision of Article 29 (1) is made."

３ 第一項の申立てについての裁判に対しては、即時抗告をすることができる。

(3) An immediate appeal may be filed against a judicial decision on the petition set forth in paragraph (1).

４ 前項の即時抗告は、執行停止の効力を有しない。

(4) The immediate appeal set forth in the preceding paragraph shall not have the effect of stay of execution.

(5) Where a judicial decision on the petition set forth in paragraph (1) and a judicial decision on the immediate appeal set forth in paragraph (3) are made, the written decisions shall be served upon the parties concerned. In this case, the provision of the main clause of Article 10 (3) shall not apply.

Article 30 (1) Where a petition for commencement of rehabilitation proceedings is filed, the court, upon the petition of an interested person or by its own authority, may order a provisional seizure or provisional disposition or issue any other necessary temporary restraining order concerning the rehabilitation debtor's business and property until an order is made on the petition for commencement of rehabilitation proceedings.

２ 裁判所は、前項の規定による保全処分を変更し、又は取り消すことができる。

(2) The court may change or revoke a temporary restraining order issued under the provision of the preceding paragraph.

３ 第一項の規定による保全処分及び前項の規定による決定に対しては、即時抗告をすることができる。

(3) An immediate appeal may be filed against a temporary restraining order issued under the provision of paragraph (1) and an order made under the provision of the preceding paragraph.

４ 前項の即時抗告は、執行停止の効力を有しない。

(4) The immediate appeal set forth in the preceding paragraph shall not have the effect of stay of execution.

(5) Where a judicial decision prescribed in paragraph (3) and a judicial decision on the immediate appeal set forth in said paragraph are made, the written decisions shall be served upon the parties concerned. In this case, the provision of the main clause of Article 10 (3) shall not apply.

(6) Where the court, pursuant to the provision of paragraph (1), has issued a temporary restraining order to prohibit the rehabilitation debtor from making payment to a rehabilitation creditor or conducting any other act with the rehabilitation creditor to cause his/her debt to be extinguished, the rehabilitation creditor may not assert, in relation to the rehabilitation proceedings, the effect of the payment or any other act to cause the debt to be extinguished, which is made or conducted in violation of the temporary restraining order; provided, however, that this shall apply only if the rehabilitation creditor knows, at the time of commission of such act, the fact that the temporary restraining order was issued.

Article 31 (1) Where a petition for commencement of rehabilitation proceedings is filed, the court, upon the petition of an interested person or by its own authority, may specify a reasonable period and order stay of the procedure for exercise of any security interest that exists on the rehabilitation debtor's property prescribed in Article 53 (1), when it finds that the stay conforms to the common interest of rehabilitation creditors and is not likely to cause undue damage to the auction applicant; provided, however, that this shall not apply where the claim secured by that interest security is a common benefit claim or claim with general priority.

２ 裁判所は、前項の規定による中止の命令を発する場合には、競売申立人の意見を聴かなければならない。

(2) The court, when issuing a stay order under the provision of the preceding paragraph, shall hear opinions of the auction applicant.

３ 裁判所は、第一項の規定による中止の命令を変更し、又は取り消すことができる。

(3) The court may change or revoke a stay order issued under the provision of paragraph (1).

４ 第一項の規定による中止の命令及び前項の規定による変更の決定に対しては、競売申立人に限り、即時抗告をすることができる。

(4) Against a stay order under the provision of paragraph (1) and an order to change the order under the provision of the preceding paragraph, only the auction applicant may file an immediate appeal.

５ 前項の即時抗告は、執行停止の効力を有しない。

(5) The immediate appeal set forth in the preceding paragraph shall not have the effect of stay of execution.

(6) Where a judicial decision prescribed in paragraph (4) and a judicial decision on the immediate appeal set forth in said paragraph are made, the written decisions shall be served upon the parties concerned. In this case, the provision of the main clause of Article 10 (3) shall not apply.

（再生手続開始の申立ての取下げの制限）

(Restriction on Withdrawal of Petition for Commencement of Rehabilitation Proceedings)

Article 32 A person who has filed a petition for commencement of rehabilitation proceedings may withdraw the petition only prior to an order of commencement of rehabilitation proceedings being made. In this case, after a stay order under the provision of Article 26 (1), comprehensive prohibition order, temporary restraining order under the provision of Article 30 (1), stay order under the provision of paragraph (1) of the preceding Article, disposition under the provisions of Article 54 (1) or Article 79 (1), temporary restraining order under the provision of Article 134-2 (1) or stay order under the provision of Article 197 (1) is issued or made, permission of the court shall be required.

Article 33 (1) Where a petition for commencement of rehabilitation proceedings that meets the requirement prescribed in Article 21 is filed, the court shall make an order of commencement of rehabilitation proceedings, except where it dismisses the petition with prejudice on the merits pursuant to the provision of Article 25.

２ 前項の決定は、その決定の時から、効力を生ずる。

(2) The order set forth in the preceding paragraph shall become effective as from the time when it is made.

（再生手続開始と同時に定めるべき事項）

(Matters to Be Specified upon Making Order of Commencement of Rehabilitation Proceedings)

第三十四条 裁判所は、再生手続開始の決定と同時に、再生債権の届出をすべき期間及び再生債権の調査をするための期間を定めなければならない。

Article 34 (1) The court, upon making an order of commencement of rehabilitation proceedings, shall specify a period during which proofs of rehabilitation claims should be filed and the period for conducting an investigation of rehabilitation claims.

(2) In the case referred to in the preceding paragraph, the court, if there are 1,000 or more known rehabilitation creditors and it finds it appropriate, may make an order not to give a notice to rehabilitation creditors under the provisions of paragraph (3)(i) of the following Article, as applied mutatis mutandis pursuant to the main clause of paragraph (5) of said Article, and the provision of the main clause of Article 37, and not to summon, on the date of a creditors meeting (excluding one aimed for adopting a resolution on a proposed rehabilitation plan), holders of filed rehabilitation claims prescribed in Article 102 (1).

Article 35 (1) The court, when it has made an order of commencement of rehabilitation proceedings, shall immediately make a public notice of the following matters; provided, however, that when there is no bond administrator, etc. prescribed in Article 169-2 (1), a public notice of the matter set forth in item (iii) shall not be required:

一 再生手続開始の決定の主文

(i) The main text of the order of commencement of rehabilitation proceedings

二 前条第一項の規定により定めた期間

(ii) The periods specified pursuant to the provision of paragraph (1) of the preceding Article

(iii) The statement to the effect that where there is any bond administrator, etc. prescribed in Article 169-2 (1) with regard to company bonds, etc. prescribed in Article 169-2 (1) issued by the rehabilitation debtor, rehabilitation creditors may not exercise their voting rights based on such company bonds, etc. except in any of the cases listed in the items of said paragraph (excluding the case set forth in paragraph (3) of said Article).

(2) When an order set forth in paragraph (2) of the preceding Article is made, the court, in addition to the matters listed in the items of the preceding paragraph, shall make a public notice to the effect that it will not give a notice to rehabilitation creditors under the provisions of item (i) of the following paragraph, as applied mutatis mutandis pursuant to the main clause of paragraph (5), and the provision of the main clause of Article 37, and also will not summon holders of filed rehabilitation claims prescribed in Article 102 (1) on the date of a creditors meeting (excluding one aimed for adopting a resolution on a proposed rehabilitation plan).

３ 次に掲げる者には、前二項の規定により公告すべき事項を通知しなければならない。

(3) The following persons shall be given a notice of the matters of which a public notice shall be made pursuant to the provisions of the preceding two paragraphs:

一 再生債務者及び知れている再生債権者

(i) The rehabilitation debtor, and known rehabilitation creditors

二 第五十四条第一項、第六十四条第一項又は第七十九条第一項前段の規定による処分がされた場合における監督委員、管財人又は保全管理人

(ii) A supervisor, trustee or provisional administrator in cases where a disposition is made under the provisions of Article 54 (1), Article 64 (1) or the first sentence of Article 79 (1), respectively

(4) Notwithstanding the provision of the preceding paragraph, when it is obvious that the rehabilitation debtor is unable to pay his/her debts in full with his/her property with regard to claims that take preference over consensually-subordinated rehabilitation claims (meaning a claim for which the rehabilitation creditor and the rehabilitation debtor, prior to the commencement of rehabilitation proceedings, reach an agreement to the effect that if bankruptcy proceedings are commenced against the rehabilitation debtor, the claim shall be subordinated to a subordinate bankruptcy claim prescribed in Article 99 (1) of the Bankruptcy Act (Act No. 75 of 2004) in the order of priority for receiving a liquidating distribution in the bankruptcy proceedings; the same shall apply hereinafter), the notice under the provision of the preceding paragraph shall not be required to be given to the holders of such consensually-subordinated rehabilitation claims if they are known.

(5) The provisions of paragraph (1)(ii), paragraph (3)(i) and the preceding paragraph shall apply mutatis mutandis where there is a change to the period during which proofs of rehabilitation claims should be filed as specified pursuant to the provision of paragraph (1) of the preceding Article; provided, however, that when an order set forth in paragraph (2) of said Article is made, the notice shall not be required to be given to known rehabilitation creditors.

（抗告）

(Appeal against Ruling)

第三十六条 再生手続開始の申立てについての裁判に対しては、即時抗告をすることができる。

Article 36 (1) An immediate appeal may be filed against a judicial decision on a petition for commencement of rehabilitation proceedings.

２ 第二十六条から第三十条までの規定は、再生手続開始の申立てを棄却する決定に対して前項の即時抗告があった場合について準用する。

(2) The provisions of Article 26 to Article 30 shall apply mutatis mutandis where an immediate appeal set forth in the preceding paragraph is filed against an order to dismiss with prejudice on the merits a petition for commencement of rehabilitation proceedings.

Article 37 The court that has made an order of commencement of rehabilitation proceedings, if an immediate appeal set forth in paragraph (1) of the preceding Article is filed and an order to revoke said order becomes final and binding, shall immediately make a public notice of the main text of the revocation order and give a notice of the main text thereof to the persons listed in the items of Article 35 (3) (excluding a provisional administrator and the persons who are not given a notice under the provision of paragraph (4) of said Article); provided, however, that when an order set forth in Article 34 (2) is made, the notice shall not be required to be given to known rehabilitation creditors.

Article 38 (1) The rehabilitation debtor, even after a rehabilitation proceeding is commenced against him/her, shall have the right to carry out his/her business or administer or dispose of his/her property (irrespective of whether or not it exists in Japan; the same shall apply in Article 66 and Article 81 (1)).

２ 再生手続が開始された場合には、再生債務者は、債権者に対し、公平かつ誠実に、前項の権利を行使し、再生手続を追行する義務を負う。

(2) Where a rehabilitation proceeding is commenced, the rehabilitation debtor shall have the obligation, vis-a-vis creditors, to exercise the right set forth in the preceding paragraph and conduct rehabilitation proceedings in a fair and sincere manner.

３ 前二項の規定は、第六十四条第一項の規定による処分がされた場合には、適用しない。

(3) The provisions of the preceding two paragraphs shall not apply where a disposition under the provision of Article 64 (1) is made.

Article 39 (1) Where an order of commencement of rehabilitation proceedings is made, it is not allowed to file a petition for commencement of bankruptcy proceedings, commencement of rehabilitation proceedings or commencement of special liquidation, enforce compulsory execution based on a rehabilitation claim, etc. against the rehabilitation debtor, or file a petition for an assets disclosure procedure based on a rehabilitation claim, and the bankruptcy proceedings and the procedure for compulsory execution based on a rehabilitation claim, etc. and assets disclosure procedure based on a rehabilitation claim, which have already been initiated against the rehabilitation debtor, shall be stayed, and the special liquidation proceedings shall cease to be effective.

(2) The court, when it finds it unlikely to cause hindrance to rehabilitation, upon the petition of the rehabilitation debtor, etc. or by its own authority, may order the continuation of the procedure for compulsory execution based on a rehabilitation claim, etc. stayed pursuant to the provision of the preceding paragraph, and when it finds it necessary for rehabilitation, upon the petition of the rehabilitation debtor, etc. or by its own authority, may order the revocation of the stayed procedure for compulsory execution based on a rehabilitation claim, etc., while requiring or not requiring the provision of security.

３ 再生手続開始の決定があったときは、次に掲げる請求権は、共益債権とする。

(3) When an order of commencement of rehabilitation proceedings is made, the following claims shall be common benefit claims:

(i) A priority claim on the bankruptcy estate involved in the bankruptcy proceedings stayed pursuant to the provision of paragraph (1) (excluding the claim set forth in Article 148 (1)(iii) of the Bankruptcy Act, and including the claims prescribed in Article 55 (2) and Article 148 (4) of said Act in cases where bankruptcy proceedings are not commenced)

二 第一項の規定により効力を失った手続のために再生債務者に対して生じた債権及びその手続に関する再生債務者に対する費用請求権

(ii) A claim arising against the rehabilitation debtor from the proceedings that cease to be effective pursuant to the provision of paragraph (1), and a claim for expenses against the rehabilitation debtor with respect to such proceedings

三 前項の規定により続行された手続に関する再生債務者に対する費用請求権

(iii) A claim for expenses against the rehabilitation debtor with respect to the procedure continued pursuant to the provision of the preceding paragraph

(4) When an order of commencement of rehabilitation proceedings is made, the prescription for a fine, petty fine and collection of equivalent value shall not run until the rehabilitation proceedings are closed (when an order of confirmation of the rehabilitation plan is made, the prescription shall not run until the payment period specified in the rehabilitation plan as prescribed in Article 181 (2) expires (or until payment based on the rehabilitation plan is completed or the rehabilitation plan is revoked, if these events occur prior to the expiration of said period)); provided, however, that this shall not apply where the claim for the fine, petty fine or collection of equivalent value in question is a common benefit claim.

（訴訟手続の中断等）

(Discontinuation of Action, etc.)

第四十条 再生手続開始の決定があったときは、再生債務者の財産関係の訴訟手続のうち再生債権に関するものは、中断する。

Article 40 (1) When an order of commencement of rehabilitation proceedings is made, any action relating to the rehabilitation debtor's property and also relating to a rehabilitation claim shall be discontinued.

(2) If the rehabilitation proceedings are closed before the action prescribed in the preceding paragraph is taken over under the provisions of Article 107 (1), Article 109 (2) (including cases where applied mutatis mutandis pursuant to the second sentence of Article 113 (2)) or Article 213 (5) (including cases where applied mutatis mutandis pursuant to Article 219 (2)), the rehabilitation debtor shall automatically take over the action.

３ 前二項の規定は、再生債務者の財産関係の事件のうち再生債権に関するものであって、再生手続開始当時行政庁に係属するものについて準用する。

(3) The provisions of the preceding two paragraphs shall apply mutatis mutandis to a case relating to the rehabilitation debtor's property and also relating to a rehabilitation claim, which is pending before an administrative agency at the time of commencement of rehabilitation proceedings.

Article 40-2 (1) If an action filed by a rehabilitation creditor pursuant to the provisions of Article 423 or Article 424 of the Civil Code (Act No. 89 of 1896), action of avoidance or action of objection to an order upholding a request for avoidance filed under the provisions of the Bankruptcy Act is pending at the time of commencement of rehabilitation proceedings, the respective action shall be discontinued.

(2) The rehabilitation debtor, etc. may take over the action discontinued pursuant to the provision of the preceding paragraph, which is filed by a rehabilitation debtor pursuant to the provision of Article 423 of the Civil Code. In this case, a petition for taking over of action may also be filed by the opponent.

３ 前項の場合においては、相手方の再生債権者に対する訴訟費用請求権は、共益債権とする。

(3) In the case referred to in the preceding paragraph, the opponent's claim for court costs against the rehabilitation creditor shall be a common benefit claim.

(4) If the rehabilitation proceedings are closed after the action prescribed in paragraph (2) was taken over under the provision of said paragraph, the action shall be discontinued except where it has been discontinued pursuant to the provision of Article 68 (2) as applied mutatis mutandis pursuant to paragraph (4) of said Article.

(6) If the rehabilitation proceedings are closed after the action prescribed in paragraph (2) was discontinued pursuant to the provision of Article 68 (2) as applied mutatis mutandis pursuant to paragraph (4) of said Article, notwithstanding the provision of paragraph (3) of said Article as applied mutatis mutandis pursuant to paragraph (4) of said Article, the rehabilitation creditor shall take over the action. In this case, a petition for taking over of action may also be filed by the opponent.

(7) If the rehabilitation proceedings are closed before the action discontinued under the provision of paragraph (1) is taken over under the provision of paragraph (2) or Article 140 (1), the rehabilitation creditor or bankruptcy trustee shall automatically take over the action.

Article 41 (1) The court, when it finds it necessary after the commencement of rehabilitation proceedings, may require the rehabilitation debtor, etc. to obtain permission of the court in order to conduct the following acts:

Article 42 (1) After the commencement of rehabilitation proceedings, the rehabilitation debtor, etc. shall obtain permission of the court in order to transfer the entirety or a significant part of the rehabilitation debtor's operation or business. In this case, the court may grant permission only when it finds it necessary for the rehabilitation of the rehabilitation debtor's business.

(2) The court, when granting the permission set forth in the preceding paragraph, shall hear opinions of known rehabilitation creditors (in cases where the rehabilitation debtor, at the time of commencement of rehabilitation proceedings, is unable to pay his/her debts in full with his/her property with regard to claims that take preference over consensually-subordinated rehabilitation claims, the holders of such consensually-subordinated rehabilitation claims shall be excluded). In this case, if there is a creditors committee prescribed in Article 117 (2), it shall be sufficient to hear opinions of the committee.

３ 裁判所は、第一項の許可をする場合には、労働組合等の意見を聴かなければならない。

(3) The court, when granting the permission set forth in paragraph (1), shall hear opinions of the labor union, etc.

４ 前条第二項の規定は、第一項の許可を得ないでした行為について準用する。

(4) The provision of paragraph (2) of the preceding Article shall apply mutatis mutandis to any act conducted without the permission set forth in paragraph (1).

（事業の譲渡に関する株主総会の決議による承認に代わる許可）

(Permission in lieu of Approval based on Resolution at Shareholders Meeting Regarding Business Transfer)

Article 43 (1) If the rehabilitation debtor that is a stock company, after the commencement of rehabilitation proceedings, is unable to pay its debts in full with its property, the court, upon the petition of the rehabilitation debtor, etc., may grant permission in lieu of approval based on a resolution at a shareholders meeting prescribed in Article 467 (1) of the Companies Act with regard to the transfer of the entire business of the rehabilitation debtor's business or the transfer of a significant part of the business prescribed in paragraph (1)(ii) of said Article; provided, however, that this shall apply only when such transfer of the entire business or transfer of a significant part of the business is necessary for the continuation of the business.

(2) Where an order of permission set forth in the preceding paragraph (hereinafter referred to as a "substituted permission" in this Article) is made, the written order shall be served upon the rehabilitation debtor, etc., and a document stating the gist of the order shall be served upon shareholders, respectively.

３ 代替許可の決定は、前項の規定による再生債務者等に対する送達がされた時から、効力を生ずる。

(3) An order of substituted permission shall become effective as from the time when the service to the rehabilitation debtor, etc. under the provision of the preceding paragraph is made.

(4) A service to shareholders under the provision of paragraph (2) shall be made to a shareholder's address specified or recorded in the shareholder registry or any other place which a shareholder has notified the rehabilitation debtor of, by sending the necessary documents by ordinary mail or by services of correspondence delivery prescribed in Article 2 (2) of the Act on Correspondence Delivery by Private Business Operators (Act No. 99 of 2002) that are provided by a general correspondence delivery operator prescribed in paragraph (6) of said Article or specified correspondence delivery operator prescribed in paragraph (9) of said Article.

(5) Where a service has been made under the provision of the preceding paragraph, the service shall be deemed to have been made at the time when the postal item or the letter item prescribed in Article 2 (3) of the Act on Correspondence Delivery by Private Business Operators (hereinafter referred to as a "postal item, etc.") sent thereby should have normally arrived.

６ 代替許可の決定に対しては、株主は、即時抗告をすることができる。

(6) A shareholder may file an immediate appeal against an order of substituted permission.

７ 前項の即時抗告は、執行停止の効力を有しない。

(7) The immediate appeal set forth in the preceding paragraph shall not have the effect of stay of execution.

(8) The provisions of Article 469 and Article 470 of the Companies Act shall not apply where the transfer of the entire business or transfer of a significant part of the business prescribed in paragraph (1) is conducted with substituted permission.

Article 44 (1) Where a rehabilitation creditor has acquired a right based on a rehabilitation claim after the commencement of rehabilitation proceedings with respect to the rehabilitation debtor's assets, if it is not by way of the act conducted by the rehabilitation debtor (or a trustee or the rehabilitation debtor if any trustee is appointed), the rehabilitation creditor may not assert such acquisition of the right as effective in relation to the rehabilitation proceedings.

２ 再生手続開始の日に取得した権利は、再生手続開始後に取得したものと推定する。

(2) A right acquired on the date of commencement of rehabilitation proceedings shall be presumed to be acquired after the commencement of rehabilitation proceedings.

Article 45 (1) A registration or a provisional registration under the provision of Article 105 (i) of the Real Property Registration Act (Act No. 123 of 2004), which is made with respect to real property or a vessel after the commencement of rehabilitation proceedings based on a cause of registration that occurred prior to the commencement of rehabilitation proceedings, may not be asserted as effective in relation to the rehabilitation proceedings; provided, however, that this shall not apply to a registration or provisional registration made by a person entitled to demand registration, without knowledge of the commencement of rehabilitation proceedings.

(2) The provision of the preceding paragraph shall apply mutatis mutandis to a registration or provisional registration with respect to the establishment, transfer or modification of a right, or registration with respect to the establishment, transfer or modification of an enterprise mortgage.

Article 46 (1) Where a rehabilitation proceeding is commenced against the rehabilitation debtor who is the drawer or endorser of a bill of exchange, if the drawee or the drawee in case of need has accepted or paid the bill without knowledge of the fact of the commencement, the drawee or the drawee in case of need may exercise his/her right over a claim arising from such acceptance or payment as a rehabilitation creditor.

２ 前項の規定は、小切手及び金銭その他の物又は有価証券の給付を目的とする有価証券について準用する。

(2) The provision of the preceding paragraph shall apply mutatis mutandis to checks and to securities issued for the purpose of delivering money or any other things or securities.

Article 47 For the purpose of application of the provisions of the preceding two Articles, the absence of knowledge of the commencement of rehabilitation proceedings shall be presumed prior to a public notice made under the provision of Article 35 (1) (hereinafter referred to as a "public notice of the commencement of rehabilitation proceedings"), and the existence of knowledge of the commencement of rehabilitation proceedings shall be presumed after a public notice of the commencement of rehabilitation proceedings.

Article 48 (1) Where the rehabilitation debtor holds a property right jointly with another or other persons, if a rehabilitation proceeding is commenced, the rehabilitation debtor, etc. may make a claim for division of the property in co-ownership even if there is an agreement between the co-owners to the effect that division shall not be made.

２ 前項の場合には、他の共有者は、相当の償金を支払って再生債務者の持分を取得することができる。

(2) In the case referred to in the preceding paragraph, other co-owners may acquire the rehabilitation debtor's co-ownership interest in the property by paying reasonable compensation.

Article 49 (1) If both the rehabilitation debtor and his/her counter party under a bilateral contract have not yet completely performed their obligations by the time of commencement of rehabilitation proceedings, the rehabilitation debtor, etc. may cancel the contract or may perform the rehabilitation debtor's obligation and request the counter party to perform his/her obligation.

(2) In the case referred to in the preceding paragraph, the counter party may set a reasonable period and make a demand on the rehabilitation debtor, etc. that he/she should give a definite answer within that period with regard to whether he/she will cancel the contract or request the performance of the obligation. In this case, if the rehabilitation debtor, etc. fails to give a definite answer within that period, it shall be deemed that he/she waives a right to cancel under the provision of said paragraph.

３ 前二項の規定は、労働協約には、適用しない。

(3) The provisions of the preceding two paragraphs shall not apply to a collective agreement.

４ 第一項の規定により再生債務者の債務の履行をする場合において、相手方が有する請求権は、共益債権とする。

(4) Where the rehabilitation debtor's obligation is to be performed pursuant to the provision of paragraph (1), the claim held by the counter party shall be a common benefit claim.

(5) The provision of Article 54 of the Bankruptcy Act shall apply mutatis mutandis where a contract is cancelled under the provision of paragraph (1). In this case, in paragraph (1) of said Article, the term "bankruptcy creditor" shall be deemed to be replaced with "rehabilitation creditor" ; in paragraph (2) of said Article, the term "bankrupt" shall be deemed to be replaced with "rehabilitation debtor," the term "bankruptcy estate" shall be deemed to be replaced with "rehabilitation debtor's assets," and the term "priority creditor on the bankruptcy estate" shall be deemed to be replaced with "holder of common benefit claim."

Article 50 (1) The counter party to a bilateral contract who has an obligation to provide continuous performance to the rehabilitation debtor, after the commencement of rehabilitation proceedings, may not refuse to perform the obligation on the grounds that no payment is made with regard to the rehabilitation claim arising from the performance provided prior to the filing of a petition for commencement of rehabilitation proceedings.

(2) A claim arising from the performance that is provided by the counter party to a bilateral contract prescribed in the preceding paragraph after the filing of a petition for commencement of rehabilitation proceedings and prior to the commencement of rehabilitation proceedings (in the case of continuous performance for which the amount of claim should be calculated for each specific period of time, such claim arising from the performance provided within the period that includes the date of filing of the petition shall be included) shall be a common benefit claim.

３ 前二項の規定は、労働契約には、適用しない。

(3) The provisions of the preceding two paragraphs shall not apply to a labor contract.

Article 51 The provisions of Article 56, Article 58 and Article 59 of the Bankruptcy Act shall apply mutatis mutandis where a rehabilitation proceeding is commenced. In this case, in Article 56 (1) of said Act, the phrase "Article 53 (1) and (2)" shall be deemed to be replaced with "Article 49 (1) and (2) of the Civil Rehabilitation Act," and the term "bankrupt" shall be deemed to be replaced with "rehabilitation debtor" ; in Article 56 (2) of said Act, the term "priority claim on the bankruptcy estate" shall be deemed to be replaced with "common benefit claim" ; in Article 58 (1) of said Act, the phrase "commencement of bankruptcy proceedings" shall be deemed to be replaced with "commencement of rehabilitation proceedings" ; in Article 54 (1) of said Act as applied mutatis mutandis pursuant to Article 58 (3) of said Act, the term "bankruptcy creditor" shall be deemed to be replaced with "rehabilitation creditor" ; in Article 59 (1) of said Act, the term "bankruptcy proceedings" shall be deemed to be replaced with "rehabilitation proceedings" ; in Article 59 (2) of said Act, the phrase "The claim under the provision of the preceding paragraph shall belong to the bankruptcy estate if it is held by the bankrupt or shall be a bankruptcy claim if it is held by the counter party." shall be deemed to be replaced with "The claim under the provision of the preceding paragraph shall be a rehabilitation claim if it is held by the counter party. "

（取戻権）

(Right of Segregation)

第五十二条 再生手続の開始は、再生債務者に属しない財産を再生債務者から取り戻す権利に影響を及ぼさない。

Article 52 (1) The commencement of rehabilitation proceedings shall not affect a right to segregate, from the rehabilitation debtor, property that does not belong to the rehabilitation debtor.

(2) The provisions of Article 63 and Article 64 of the Bankruptcy Act shall apply mutatis mutandis where a rehabilitation proceeding is commenced. In this case, in Article 63 (1) of said Act, the phrase "order of commencement of bankruptcy proceedings" shall be deemed to be replaced with "order of commencement of rehabilitation proceedings" ; in the proviso to Article 63 (1) and Article 64 of said Act, the term "a bankruptcy trustee" shall be deemed to be replaced with "the rehabilitation debtor (or a trustee if any trustee is appointed)" ; in Article 63 (2) of said Act, the phrase "Article 53 (1) and (2)" shall be deemed to be replaced with "Article 49 (1) and (2) of the Civil Rehabilitation Act" ; in Article 63 (3) of said Act, the term "paragraph (1)" shall be deemed to be replaced with "the preceding two paragraphs," and the term "said paragraph" shall be deemed to be replaced with "paragraph (1)" ; in Article 64 (1) of said Act, the term "bankrupt" shall be deemed to be replaced with "rehabilitation debtor," and the phrase "commencement of bankruptcy proceedings" shall be deemed to be replaced with "commencement of rehabilitation proceedings."

Article 53 (1) A person who has any interest security (meaning a special statutory lien, pledge, mortgage, or a right of retention under the provisions of the Commercial Code or the Companies Act; the same shall apply in paragraph (3)) that exists, at the time of commencement of rehabilitation proceedings, on the rehabilitation debtor's property, shall have a right of separate satisfaction over the property that is the subject matter of the security interest.

２ 別除権は、再生手続によらないで、行使することができる。

(2) A right of separate satisfaction may be exercised without going through rehabilitation proceedings.

(3) Where property that is the subject matter of a security interest no longer belongs to the rehabilitation debtor's assets due to sale by private contract by the rehabilitation debtor, etc. or for any other reason, the person who has such security interest, if it still exists, shall also have a right of separate satisfaction over the property that is the subject matter of the security interest.

Article 54 (1) Where a petition for commencement of rehabilitation proceedings is filed, the court, when it finds it necessary, upon the petition of an interested person or by its own authority, may make a disposition to order supervision by a supervisor.

(2) The court, when making the disposition set forth in the preceding paragraph (hereinafter referred to as a "supervision order"), in the supervision order, shall appoint one or more supervisors and designate acts that the rehabilitation debtor may not conduct without obtaining their consent.

３ 法人は、監督委員となることができる。

(3) A juridical person may serve as a supervisor.

４ 第二項に規定する監督委員の同意を得ないでした行為は、無効とする。ただし、これをもって善意の第三者に対抗することができない。

(4) Any act conducted without the supervisor's consent prescribed in paragraph (2) shall be void; provided, however, that this may not be asserted against a third party without knowledge.

５ 裁判所は、監督命令を変更し、又は取り消すことができる。

(5) The court may change or revoke a supervision order.

６ 監督命令及び前項の規定による決定に対しては、即時抗告をすることができる。

(6) An immediate appeal may be filed against a supervision order and an order made under the provision of the preceding paragraph.

７ 前項の即時抗告は、執行停止の効力を有しない。

(7) The immediate appeal set forth in the preceding paragraph shall not have the effect of stay of execution.

Article 55 (1) The court, when it has issued a supervision order, shall make a public notice to that effect. The same shall apply where the court makes an order to change or revoke a supervision order.

(2) Where a supervision order is issued, an order under the provision of paragraph (5) of the preceding Article is made, and a judicial decision on the immediate appeal set forth in paragraph (6) of said Article is made, the written orders/decision shall be served upon the parties concerned.

３ 第十条第四項の規定は、第一項の場合については、適用しない。

(3) The provision of Article 10 (4) shall not apply to the case referred to in paragraph (1).

Article 56 (1) Where an order of commencement of rehabilitation proceedings is made, the court, upon the petition of an interested person or by its own authority, may empower a supervisor to exercise a right of avoidance of a specific act.

(2) A supervisor, when empowered pursuant to the provision of the preceding paragraph, may receive or pay money and perform the administration and disposition of property in the interest of the rehabilitation debtor to the extent necessary for the exercise of such power.

(3) The provisions of Article 77 (1) to (3) shall apply mutatis mutandis to a supervisor set forth in the preceding paragraph. In this case, the phrase "successor trustee" in paragraph (2) of said Article shall be deemed to be replaced with "successor supervisor who is empowered under the provision of Article 56 (1) to exercise a right of avoidance or trustee," and the phrase "supervisor trustee" in paragraph (3) of said Article shall be deemed to be replaced with "successor supervisor who is empowered under the provision of Article 56 (1) to exercise a right of avoidance, trustee."

４ 裁判所は、第一項の規定による決定を変更し、又は取り消すことができる。

(4) The court may change or revoke an order made under the provision of paragraph (1)

(5) The court, when it finds it necessary, may require a supervisor empowered pursuant to the provision of paragraph (1) to obtain permission of the court in order to file an action, make a settlement or conduct any other act designated by the court.

６ 第四十一条第二項の規定は、監督委員が前項の許可を得ないでした行為について準用する。

(6) The provision of Article 41 (2) shall apply mutatis mutandis to any act conducted by a supervisor without the permission set forth in the preceding paragraph.

(2) The court, upon the petition of an interested person or by its own authority, may dismiss a supervisor if the supervisor does not appropriately supervise the administration and disposition of the rehabilitation debtor's business and property, or there are any other material reasons. In this case, the court shall interrogate the supervisor.

Article 58 If there are two or more supervisors, they shall perform their duties jointly; provided, however, that with permission of the court, they may perform their duties independently or divide the duties among them.

Article 59 (1) A supervisor may request the following persons to report on the status of the rehabilitation debtor's business and property, or may inspect the rehabilitation debtor's books, documents and any other objects:

一 再生債務者

(i) The rehabilitation debtor

二 再生債務者の代理人

(ii) The rehabilitation debtor's agent

三 再生債務者が法人である場合のその理事、取締役、執行役、監事、監査役及び清算人

(iii) In cases where the rehabilitation debtor is a juridical person, its director, executive officer, inspector, auditor and liquidator

四 前号に掲げる者に準ずる者

(iv) Any other person equivalent to the persons listed in the preceding item

五 再生債務者の従業者（第二号に掲げる者を除く。）

(v) The rehabilitation debtor's employee (excluding the person set forth in item (ii))

２ 前項の規定は、同項各号（第一号を除く。）に掲げる者であった者について準用する。

(2) The provision of the preceding paragraph shall apply mutatis mutandis to a person who was any of the persons listed in the items of said paragraph (excluding item (i)).

(3) A supervisor, when necessary in order to perform his/her duties, may request a subsidiary company, etc. (meaning a juridical person specified in each of the following items for the cases listed in the respective items; the same shall apply in the following paragraph) of the rehabilitation debtor to report on the status of its business and property, or may inspect its books, documents and any other objects:

(4) Where a subsidiary company, etc. of the rehabilitation debtor (limited to one that is a person other than a stock company; hereinafter the same shall apply in this paragraph) independently holds or the rehabilitation debtor and the rehabilitation debtor's subsidiary company, etc. jointly hold the majority of voting rights of all shareholders of another stock company, for the purpose of application of the provision of the preceding paragraph, such other stock company shall be deemed to be a subsidiary company of the rehabilitation debtor.

（監督委員の注意義務）

(Supervisor's Duty of Care)

第六十条 監督委員は、善良な管理者の注意をもって、その職務を行わなければならない。

Article 60 (1) A supervisor shall perform his/her duties with the due care of a prudent manager.

２ 監督委員が前項の注意を怠ったときは、その監督委員は、利害関係人に対し、連帯して損害を賠償する責めに任ずる。

(2) If a supervisor(s) fails to have the due care set forth in the preceding paragraph, the supervisor(s) shall be jointly and severally liable to compensate damage to any interested person.

（監督委員の報酬等）

(Remuneration for Supervisor, etc.)

第六十一条 監督委員は、費用の前払及び裁判所が定める報酬を受けることができる。

Article 61 (1) A supervisor may receive advance payments of expenses as well as remuneration determined by the court.

(2) A supervisor shall obtain permission of the court in order to accept any claims against the rehabilitation debtor or any shares of the rehabilitation debtor or any other contributions to the rehabilitation debtor, or assign these.

３ 監督委員は、前項の許可を得ないで同項に規定する行為をしたときは、費用及び報酬の支払を受けることができない。

(3) A supervisor may not receive payment of expenses and remuneration if he/she has conducted any act prescribed in the preceding paragraph without obtaining the permission set forth in said paragraph.

４ 第一項の規定による決定に対しては、即時抗告をすることができる。

(4) An immediate appeal may be filed against an order made pursuant to the provision of paragraph (1).

Article 62 (1) Where a petition for commencement of rehabilitation proceedings is filed, the court, when it finds it necessary, upon the petition of an interested person or by its own authority, may make a disposition to order an examination by an examiner.

(2) The court, when making the disposition set forth in the preceding paragraph (hereinafter referred to as an "examination order"), in the examination order, shall appoint one or more examiners and specify the matters that the examiner(s) should examine and the period during which they should report the results of the examination to the court.

３ 裁判所は、調査命令を変更し、又は取り消すことができる。

(3) The court may change or revoke an examination order.

４ 調査命令及び前項の規定による決定に対しては、即時抗告をすることができる。

(4) An immediate appeal may be filed against an examination order and an order made under the provision of the preceding paragraph.

５ 前項の即時抗告は、執行停止の効力を有しない。

(5) The immediate appeal set forth in the preceding paragraph shall not have the effect of stay of execution.

６ 第四項に規定する裁判及び同項の即時抗告についての裁判があった場合には、その裁判書を当事者に送達しなければならない。

(6) Where a judicial decision prescribed in paragraph (4) and a judicial decision on the immediate appeal set forth in said paragraph are made, the written decisions shall be served upon the parties concerned.

（監督委員に関する規定の準用）

(Application Mutatis Mutandis of the Provisions on Supervisor)

第六十三条 第五十四条第三項、第五十七条、第五十八条本文及び第五十九条から第六十一条までの規定は、調査委員について準用する。

Article 63 The provisions of Article 54 (3), Article 57, the main clause of Article 58, and Article 59 to Article 61 shall apply mutatis mutandis to an examiner.

Article 64 (1) When the rehabilitation debtor (limited to a juridical person; hereinafter the same shall apply in this paragraph) administers and disposes of its property in an inappropriate manner or the court otherwise finds it particularly necessary for the rehabilitation of the rehabilitation debtor's business, the court, upon the petition of an interested person or by its own authority, may make a disposition, upon making an order of commencement of rehabilitation proceedings or after making such order, to order that the rehabilitation debtor's business and property be administered by a trustee.

２ 裁判所は、前項の処分（以下「管理命令」という。）をする場合には、当該管理命令において、一人又は数人の管財人を選任しなければならない。

(2) The court, when making a disposition set forth in the provision of the preceding paragraph (hereinafter referred to as an "administration order"), shall appoint one or more trustees in the administration order.

３ 裁判所が管理命令を発しようとする場合には、再生債務者を審尋しなければならない。ただし、急迫の事情があるときは、この限りでない。

(3) The court, when issuing an administration order, shall interrogate the rehabilitation debtor; provided, however, that this shall not apply if there are pressing circumstances.

４ 裁判所は、管理命令を変更し、又は取り消すことができる。

(4) The court may change or revoke an administration order.

５ 管理命令及び前項の規定による決定に対しては、即時抗告をすることができる。

(5) An immediate appeal may be filed against an administration order and an order made under the provision of the preceding paragraph.

６ 前項の即時抗告は、執行停止の効力を有しない。

(6) The immediate appeal set forth in the preceding paragraph shall not have the effect of stay of execution.

（管理命令に関する公告及び送達）

(Public Notice and Service Concerning Administration Order)

第六十五条 裁判所は、管理命令を発したときは、次項に規定する場合を除き、次に掲げる事項を公告しなければならない。

Article 65 (1) The court, when it has issued an administration order, shall make a public notice of the following matters, except in the cases prescribed in the following paragraph:

一 管理命令を発した旨及び管財人の氏名又は名称

(i) The fact that an administration order is issued, and the name of a trustee

(ii) The order to the effect that a person who possesses property that belongs to the rehabilitation debtor and person who owes a debt to the rehabilitation debtor (referred to as a "possessor of property, etc." in paragraph (5)) shall not deliver the property or make payment to the rehabilitation debtor

２ 裁判所は、再生手続開始の決定と同時に管理命令を発したときは、再生手続開始の公告には、前項に掲げる事項をも掲げなければならない。

(2) The court, if it has issued an administration order upon making an order of commencement of rehabilitation proceedings, shall also include the matters listed in the preceding paragraph in the public notice of the commencement of rehabilitation proceedings.

３ 裁判所は、管理命令を変更し、又は取り消す旨の決定をした場合には、その旨を公告しなければならない。

(3) The court, when it has made an order to change or revoke an administration order, shall make a public notice to that effect.

４ 管理命令、前項の決定又は前条第五項の即時抗告についての裁判があった場合には、その裁判書を当事者に送達しなければならない。

(4) Where an administration order is issued, an order set forth in the preceding paragraph is made, and a judicial decision on the immediate appeal set forth in paragraph (5) of said Article is made, the written orders/decision shall be served upon the parties concerned.

(5) A notice shall be given to known possessors of property, etc. with regard to, in cases where an administration order is issued, the matters listed in paragraph (1), or in cases where an order set forth in paragraph (3) is made or where an order to revoke the order of commencement of rehabilitation proceedings has become final and binding after an administration order was issued, such fact.

６ 第十条第四項の規定は、第一項の場合については、適用しない。

(6) The provision of Article 10 (4) shall not apply in the case referred to in paragraph (1).

（管財人の権限）

(Powers of Trustee)

第六十六条 管理命令が発せられた場合には、再生債務者の業務の遂行並びに財産の管理及び処分をする権利は、裁判所が選任した管財人に専属する。

Article 66 When an administration order is issued, the right to carry out the rehabilitation debtor's business and to administer and dispose of the rehabilitation debtor's property shall be vested exclusively in a trustee.

（管理命令が発せられた場合の再生債務者の財産関係の訴えの取扱い）

(Action Relating to the Rehabilitation Debtor's Property Where Administration Order Is Issued)

第六十七条 管理命令が発せられた場合には、再生債務者の財産関係の訴えについては、管財人を原告又は被告とする。

Article 67 (1) Where an administration order is issued, in an action relating to the rehabilitation debtor's property, a trustee shall stand as a plaintiff or defendant.

(2) Where an administration order is issued, any action relating to the rehabilitation debtor's property in which the rehabilitation debtor stands as a party shall be discontinued. The same shall apply to an action set forth in Article 145 (1) in which a rehabilitation creditor stands as a party.

(3) A trustee may take over the action discontinued under the provision of the preceding paragraph which does not relate to any rehabilitation claim (excluding those prescribed in Article 40-2 (2) which is taken over pursuant to the provision of Article 40-2 (2)). In this case, a petition for taking over of action may also be filed by the opponent.

(4) An action discontinued pursuant to the provision of paragraph (2), which relates to a rehabilitation claim and is initiated under the provisions of Article 106 (1), Article 109 (1) or the first sentence of Article 113 (2) or taken over under the provisions of Article 107 (1) or Article 109 (2) (including cases where applied mutatis mutandis pursuant to the second sentence of Article 113 (2)), or which is prescribed in Article 40-2 (2) and taken over pursuant to the provision of Article 40-2 (2), shall be taken over by a trustee. In this case, a petition for taking over of action may also be filed by the opponent.

５ 前二項の場合においては、相手方の再生債務者又は第二項後段の再生債権者に対する訴訟費用請求権は、共益債権とする。

(5) In the cases referred to in the preceding two paragraphs, the opponent's claim for court costs against the rehabilitation debtor or the rehabilitation creditor set forth in the second sentence of paragraph (2) shall be a common benefit claim.

Article 68 (1) When the rehabilitation proceedings are closed before the action discontinued under the provision of paragraph (2) of the preceding Article is taken over under the provisions of paragraph (3) or paragraph (4) of said Article, the rehabilitation debtor shall automatically take over the action (excluding one prescribed in Article 40-2 (2) which is discontinued pursuant to the provision of paragraph (3) of said Article; the same shall apply in the following paragraph).

２ 再生手続が終了したときは、管財人を当事者とする再生債務者の財産関係の訴訟手続は、中断する。

(2) When the rehabilitation proceedings are closed, any action relating to the rehabilitation debtor's property in which a trustee stands as a party shall be discontinued.

(3) The rehabilitation debtor shall take over the action discontinued under the provision of the preceding paragraph (excluding one set forth in Article 137 (1) in cases where rehabilitation proceedings are closed as a result of an order of disconfirmation of the rehabilitation plan, order of discontinuance of rehabilitation proceedings or order of revocation of the rehabilitation plan becoming final and binding). In this case, a petition for taking over of action may also be filed by the opponent.

(4) The provision of paragraph (1) shall apply mutatis mutandis where an order to revoke an administration order becomes final and binding before the taking over of action under the provisions of paragraph (3) or paragraph (4) of the preceding Article takes place, and the provisions of the preceding two paragraphs shall apply mutatis mutandis where an order to revoke an administration order becomes final and binding. In this case, in paragraph (1), the phrase "paragraph (2) of the preceding Article" shall be deemed to be replaced with "the second sentence of paragraph (2) of the preceding Article," and the phrase "action (excluding one prescribed in Article 40-2 (2) which is discontinued pursuant to the provision of paragraph (3) of said Article; the same shall apply in the following paragraph)" shall be deemed to be replaced with "action."

(5) The provision of paragraph (3) shall apply mutatis mutandis to the action discontinued under the provision of the second sentence of paragraph (2) of the preceding Article in cases where an order to revoke an administration order becomes final and binding before the taking over of action under the provision of paragraph (3) of said Article takes place. In this case, the term "rehabilitation debtor" in paragraph (3) shall be deemed to be replaced with "rehabilitation creditor set forth in the second sentence of paragraph (2) of the preceding Article."

Article 69 The provisions of Article 67 (2) to (5) and the preceding Article shall apply mutatis mutandis to a case relating to the rehabilitation debtor's property that is pending before an administrative agency at the time when an administration order is issued.

Article 70 (1) If there are two or more trustees, they shall perform their duties jointly; provided, however, that with permission of the court, they may perform their duties independently or divide the duties among them.

２ 管財人が数人あるときは、第三者の意思表示は、その一人に対してすれば足りる。

(2) If there are two or more trustees, it shall be sufficient that a manifestation of intention by a third party be made to any one of them.

（管財人代理）

(Trustee Representative)

第七十一条 管財人は、必要があるときは、その職務を行わせるため、自己の責任で一人又は数人の管財人代理を選任することができる。

Article 71 (1) A trustee, if necessary, may appoint one or more trustee representatives on his/her own responsibility, in order to have them perform his/her duties.

２ 前項の管財人代理の選任については、裁判所の許可を得なければならない。

(2) The appointment of a trustee representative set forth in the preceding paragraph shall require permission of the court.

（再生債務者の業務及び財産の管理）

(Administration of the Rehabilitation Debtor's Business and Property)

第七十二条 管財人は、就職の後直ちに再生債務者の業務及び財産の管理に着手しなければならない。

Article 72 A trustee shall commence the administration of the rehabilitation debtor's business and property immediately after assuming office.

Article 73 (1) The court, when it finds it necessary in order for a trustee to perform his/her duties, may commission a person engaged in correspondence delivery to deliver, to a trustee, a postal item, etc. that is addressed to the rehabilitation debtor.

２ 裁判所は、再生債務者の申立てにより又は職権で、管財人の意見を聴いて、前項に規定する嘱託を取り消し、又は変更することができる。

(2) The court, upon the petition of the rehabilitation debtor or by its own authority, may cancel or change the commission prescribed in the preceding paragraph, after hearing opinions of a trustee.

３ 再生手続が終了したときは、裁判所は、第一項に規定する嘱託を取り消さなければならない。管理命令が取り消されたときも、同様とする。

(3) Upon the close of rehabilitation proceedings, the court shall cancel the commission prescribed in paragraph (1). The same shall apply when an administration order is revoked.

４ 第一項又は第二項の規定による決定及び同項の申立てを却下する裁判に対しては、再生債務者又は管財人は、即時抗告をすることができる。

(4) The rehabilitation debtor or a trustee may file an immediate appeal against an order made under the provisions of paragraph (1) or paragraph (2) and a judicial decision to dismiss without prejudice the petition set forth in paragraph (2).

５ 第一項の規定による決定に対する前項の即時抗告は、執行停止の効力を有しない。

(5) The immediate appeal set forth in the preceding paragraph filed against an order made under the provision of paragraph (1) shall not have the effect of stay of execution.

第七十四条 管財人は、再生債務者にあてた郵便物等を受け取ったときは、これを開いて見ることができる。

Article 74 (1) A trustee, upon receiving a postal item, etc. addressed to the rehabilitation debtor, may open it and view its contents.

(2) The rehabilitation debtor may request a trustee to let him/her inspect the postal item, etc. set forth in the preceding paragraph, received by the trustee, or deliver it to him/her, if such postal item, etc. does not relate to the rehabilitation debtor's assets.

Article 75 (1) A trustee, without permission of the court, may not accept the rehabilitation debtor's property or assign his/her own property to the rehabilitation debtor, or conduct any other transaction with the rehabilitation debtor on behalf of him/herself or a third party.

２ 前項の許可を得ないでした行為は、無効とする。ただし、これをもって善意の第三者に対抗することができない。

(2) Any act conducted without the permission set forth in the preceding paragraph shall be void; provided, however, that this may not be asserted against a third party without knowledge.

Article 76 (1) A juridical act conducted by the rehabilitation debtor after the issuance of an administration order with respect to the rehabilitation debtor's assets may not be asserted as effective in relation to the rehabilitation proceedings; provided, however, that this shall not apply where the other party did not know, at the time of commission of such act, the fact that an administration order was issued.

２ 管理命令が発せられた後に、その事実を知らないで再生債務者にした弁済は、再生手続の関係においても、その効力を主張することができる。

(2) Payment made to the rehabilitation debtor after the issuance of an administration order without knowledge of the issuance may also be asserted as effective in relation to the rehabilitation proceedings.

(3) Payment made to the rehabilitation debtor after the issuance of an administration order with knowledge of the issuance may be asserted as effective in relation to the rehabilitation proceedings only to the extent that the rehabilitation debtor's assets have been enriched.

(4) The provision of Article 47 shall apply mutatis mutandis for the purpose of the application of the provisions of the preceding three paragraphs. In this case, the phrase "public notice made under the provision of Article 35 (1) (hereinafter referred to as a "public notice of the commencement of rehabilitation proceedings")" shall be deemed to be replaced with "public notice made under the provision of Article 65 (1) (or a public notice made under the provision of Article 35 (1) in cases where an administration order is issued upon making an order of commencement of rehabilitation proceedings)."

Article 76-2 Where an administration order is issued and the rehabilitation debtor is a juridical person, its director, executive officer, inspector, auditor liquidator or any other person equivalent thereto may not claim remuneration from the rehabilitation debtor.

（任務終了の場合の報告義務等）

(Trustee's Duty to Report upon Termination of Office, etc.)

第七十七条 管財人の任務が終了した場合には、管財人は、遅滞なく、裁判所に計算の報告をしなければならない。

Article 77 (1) A trustee, upon the termination of his/her office, shall submit a report of account to the court without delay.

２ 前項の場合において、管財人が欠けたときは、同項の計算の報告は、同項の規定にかかわらず、後任の管財人がしなければならない。

(2) In the case referred to in the preceding paragraph, if there is a vacancy in the office of trustee, the report of account set forth in said paragraph, notwithstanding the provision of said paragraph, shall be submitted by a successor trustee.

(3) Upon the termination of a trustee's office, if there are pressing circumstances, the trustee or his/her successor shall take necessary measures until a successor trustee or the rehabilitation debtor is able to administer property.

(4) Where an order to revoke the order of commencement of rehabilitation proceedings, an order of discontinuance of bankruptcy proceedings or an order of disconfirmation of the rehabilitation plan becomes final and binding or where an order of revocation of the rehabilitation plan becomes final and binding before the close of rehabilitation proceedings, a trustee, except in the case prescribed in Article 252 (6), shall pay common benefit claims and claims with general priorities, and with regard to any disputed claim, shall make a statutory deposit of such payment in the interest of the person who holds the claim.

Article 79 (1) Where a petition for commencement of rehabilitation proceedings is filed, when the rehabilitation debtor (limited to a juridical person; hereinafter the same shall apply in this Section) administers and disposes of its property in an inappropriate manner or the court otherwise finds it particularly necessary for the continuation of the rehabilitation debtor's business, the court, upon the petition of an interested person or by its own authority, may make a disposition to order that the rehabilitation debtor's business and property be administered by a provisional administrator until an order is made on the petition for commencement of rehabilitation proceedings. In this case, the provision of Article 64 (3) shall apply mutatis mutandis.

(2) The court, when making a disposition under the provision of the preceding paragraph (hereinafter referred to as a "provisional administration order"), shall appoint one or more provisional administrators in the provisional administration order.

３ 前二項の規定は、再生手続開始の申立てを棄却する決定に対して第三十六条第一項の即時抗告があった場合について準用する。

(3) The provisions of the preceding two paragraphs shall apply mutatis mutandis where an immediate appeal set forth in Article 36 (1) is filed against an order to dismiss with prejudice on the merits a petition for commencement of rehabilitation proceedings.

４ 裁判所は、保全管理命令を変更し、又は取り消すことができる。

(4) The court may change or revoke a provisional administration order.

５ 保全管理命令及び前項の規定による決定に対しては、即時抗告をすることができる。

(5) An immediate appeal may be filed against a provisional administration order and an order made under the provision of the preceding paragraph.

６ 前項の即時抗告は、執行停止の効力を有しない。

(6) The immediate appeal set forth in the preceding paragraph shall not have the effect of stay of execution.

Article 80 (1) The court, when it has issued a provisional administration order, shall make a public notice to that effect. The same shall apply where the court makes an order to change or revoke a provisional administration order.

(2) Where a provisional administration order is issued, an order under the provision of paragraph (4) of the preceding Article is made, and a judicial decision on the immediate appeal set forth in paragraph (5) of said Article is made, the written orders/decision shall be served upon the parties concerned.

３ 第十条第四項の規定は、第一項の場合については、適用しない。

(3) The provision of Article 10 (4) shall not apply to the case referred to in paragraph (1).

Article 81 (1) When a provisional administration order is issued, the right to carry out the rehabilitation debtor's business and to administer and dispose of the rehabilitation debtor's property shall be vested exclusively in a provisional administrator; provided, however, that a provisional administrator shall obtain permission of the court in order to conduct any act that does not fall within the scope of the rehabilitation debtor's ordinary business.

２ 前項ただし書の許可を得ないでした行為は、無効とする。ただし、これをもって善意の第三者に対抗することができない。

(2) Any act conducted without the permission set forth in the proviso to the preceding paragraph shall be void; provided, however, that this may not be asserted against a third party without knowledge.

Article 83 (1) The provisions of Article 54 (3), Article 57, Article 59 to Article 61, Article 67 (1), Article 70, Article 72, Article 74 to Article 76, and Article 77 (1) to (3) shall apply mutatis mutandis to a provisional administrator, and the provision of Article 61 shall apply mutatis mutandis to a provisional administrator representative. In this case, the phrase "public notice made under the provision of Article 65 (1) (or a public notice made under the provision of Article 35 (1) in cases where an administration order is issued upon making an order of commencement of rehabilitation proceedings)" in the second sentence of Article 76 (4) shall be deemed to be replaced with "public notice made under the provision of Article 80 (1)," the term "successor trustee" in Article 77 (2) shall be deemed to be replaced with "successor provisional administrator," and the term "successor trustee" in paragraph (3) of said Article shall be deemed to be replaced with "successor provisional administrator, trustee. "

(2) The provisions of Article 67 (2), (3) and (5) shall apply mutatis mutandis where a provisional administration order is issued, and the provisions of Article 68 (1) to (3) shall apply mutatis mutandis where a provisional administration order ceases to be effective.

(3) The provisions of Article 67 (2), (3) and (5) and Article 68 (1) to (3) shall apply mutatis mutandis to a case relating to the rehabilitation debtor's property that is pending before an administrative agency at the time when a provisional administration order is issued. In this case, the phrase "when the rehabilitation proceedings are closed" in Article 68 (1) and (2) shall be deemed to be replaced with "when a provisional administration order ceases to be effective."

(4) The provision of Article 76-2 shall apply, where an administration order is issued and the rehabilitation debtor is a juridical person, to its director, executive officer, inspector, auditor, liquidator or any other person equivalent thereto.

Article 84 (1) A claim on property arising against the rehabilitation debtor from a cause that has occurred before the commencement of rehabilitation proceedings (excluding one that is a common benefit claim or claim with general priority; the same shall apply in the following paragraph) shall be a rehabilitation claim.

２ 次に掲げる請求権も、再生債権とする。

(2) The following claims shall also be rehabilitation claims:

一 再生手続開始後の利息の請求権

(i) Claim for interest arising after the commencement of rehabilitation proceedings

二 再生手続開始後の不履行による損害賠償及び違約金の請求権

(ii) Claim for damages or penalty for a default arising after the commencement of rehabilitation proceedings

三 再生手続参加の費用の請求権

(iii) Claim for expenses for participation in rehabilitation proceedings

Article 85 (1) With regard to a rehabilitation claim, after the commencement of rehabilitation proceedings, except as otherwise provided for in this Act, it is not allowed to make or receive payment or conduct any other act to cause the claim to be extinguished (excluding a release) unless it is provided for in a rehabilitation plan.

(2) If a small or medium-sized enterprise operator whose major trading partner is the rehabilitation debtor is likely to experience significant hindrance to the continuation of his/her business unless he/she receives payment of his/her rehabilitation claim, the court, even before an order of confirmation of the rehabilitation plan becomes final and binding, upon the petition of the rehabilitation debtor, etc. or by its own authority, may permit payment of the claim in whole or part.

(3) The court, when granting permission under the provision of the preceding paragraph, shall take into consideration the status of transactions between the rehabilitation debtor and the small or medium-sized enterprise operator set forth in said paragraph, the rehabilitation debtor's financial standing, the interest of any interested person and all other circumstances concerned.

(4) The rehabilitation debtor, etc., when requested by a rehabilitation creditor to file the petition set forth in paragraph (2), shall report to the court to that effect immediately. In this case, if the rehabilitation debtor, etc. has decided not to file a petition, he/she shall report the reason to the court without delay.

(5) Where it would be possible to make rehabilitation proceedings progress smoothly by paying a minor rehabilitation claim promptly or significant hindrance would be caused to the continuation of the rehabilitation debtor's business unless a small rehabilitation claim is paid promptly, the court, even before an order of confirmation of the rehabilitation plan becomes final and binding, upon the petition of the rehabilitation debtor, etc., may permit payment of such claim.

６ 第二項から前項までの規定は、約定劣後再生債権である再生債権については、適用しない。

(6) The provisions of paragraph (2) to the preceding paragraph shall not apply to a rehabilitation claim that is a consensually-subordinated rehabilitation claim.

Article 85-2 The rehabilitation debtor, etc., if a set-off of a claim that belongs to the rehabilitation debtor's assets against a rehabilitation claim conforms to the common interests of rehabilitation creditors, may effect such set-off with permission of the court.

（再生債権者の手続参加）

(Rehabilitation Creditor's Participation in Proceedings)

第八十六条 再生債権者は、その有する再生債権をもって再生手続に参加することができる。

Article 86 (1) A rehabilitation creditor may participate in rehabilitation proceedings by reason of a rehabilitation claim that he/she holds.

(2) The provisions of Article 104 to Article 107 of the Bankruptcy Act shall apply mutatis mutandis to the exercise of rights by a rehabilitation creditor in cases where a rehabilitation proceeding is commenced. In this case, in the provisions of Article 104 to Article 107 of said Act, the phrase "commencement of bankruptcy proceedings" shall be deemed to be replaced with "commencement of rehabilitation proceedings" ; in Article 104 (1), (3) and (4), Article 105, Article 106 and Article 107 (1) of said Act, the term "bankruptcy proceedings" shall be deemed to be replaced with "rehabilitation proceedings" ; the terms "bankrupt" in the provisions of Article 104 (3) to (5) of said Act shall be deemed to be replaced with "rehabilitation debtor" ; and in paragraph (4) of said Article, the term "bankruptcy creditor" shall be deemed to be replaced with "rehabilitation creditor".

（再生債権者の議決権）

(Rehabilitation Creditor's Voting Right)

第八十七条 再生債権者は、次に掲げる債権の区分に従い、それぞれ当該各号に定める金額に応じて、議決権を有する。

Article 87 (1) A rehabilitation creditor has a voting right according to the amount specified in each of the following items for the categories of claims listed in the respective items:

(i) Claim with a fixed due date that is to become due after the commencement of rehabilitation proceedings and bears no interest: The amount obtained by deducting, from the amount of the claim, the amount of statutory interest for the claim to be accrued according to the number of years during the period from the time of commencement of rehabilitation proceedings until the due date (any fraction of less than one year during that period shall be rounded off)

(ii) Claim for periodic payments the amount and duration of which are fixed: The total of the amounts calculated with regard to the respective periodic payments in accordance with the provision of the preceding item (in cases where such total exceeds the amount of principal which would accrue interest equivalent to the periodic payments when calculating at a statutory interest rate, such amount of principal)

三 次に掲げる債権 再生手続開始の時における評価額

(iii) The following claims: The amount of the claim estimated as of the time of commencement of rehabilitation proceedings:

イ 再生手続開始後に期限が到来すべき不確定期限付債権で無利息のもの

(a) Claim with an uncertain due date that is to become due after the commencement of rehabilitation proceedings and bears no interest

ロ 金額又は存続期間が不確定である定期金債権

(b) Claim for periodic payments the amount and duration of which are not fixed

ハ 金銭の支払を目的としない債権

(c) Claim not intended for payment of money

ニ 金銭債権で、その額が不確定であるもの又はその額を外国の通貨をもって定めたもの

(d) Monetary claim the amount of which is not fixed or the amount of which is fixed in a foreign currency

ホ 条件付債権

(e) Claim with condition

ヘ 再生債務者に対して行うことがある将来の請求権

(f) Claim which may arise in the future and be enforced against the rehabilitation debtor

四 前三号に掲げる債権以外の債権 債権額

(iv) Claim other than those listed in the preceding three items: The amount of the claim

(2) Notwithstanding the provision of the preceding paragraph, a rehabilitation creditor shall not have any voting right with regard to any of the claims listed in Article 84 (2) and a claim for a fine, etc. arising prior to the commencement of rehabilitation proceedings prescribed in Article 97.

(3) Notwithstanding the provision of paragraph (1), where the rehabilitation debtor, at the time of commencement of rehabilitation proceedings, is unable to pay his/her debts in full with his/her property with regard to claims that take preference over consensually-subordinated rehabilitation claims, the holders of such consensually-subordinated rehabilitation claims shall not have any voting right.

（別除権者の手続参加）

(Participation in Proceedings by Holder of Right of Separate Satisfaction)

Article 88 A holder of a right of separate satisfaction, with regard to a claim secured by a security interest prescribed in Article 53 (1) which pertains to the right of separate satisfaction, may exercise his/her right as a rehabilitation creditor only for the part of the claim for which payment cannot be received by exercising the right of separate satisfaction; provided, however, that where the claim secured by the security interest is no longer secured in whole or part after the commencement of rehabilitation proceedings, the holder of the right of separate satisfaction shall not be precluded from exercising his/her right as a rehabilitation creditor for such whole or part of the claim.

Article 89 (1) A rehabilitation creditor, even where he/she, by exercising his/her right against the rehabilitation debtor's property that exists in a foreign state, has received payment of his/her rehabilitation claim after an order of commencement of rehabilitation proceedings is made, may participate in rehabilitation proceedings with regard to the amount of the claim as of the time before receiving such payment.

(2) The rehabilitation creditor set forth in the preceding paragraph may not receive payment through rehabilitation proceedings until any other rehabilitation creditor (in cases where the rehabilitation creditor set forth in said paragraph holds an consensually-subordinated rehabilitation claim, the person who holds another consensually-subordinated rehabilitation claim) receives payment at the same proportion as he/she has received payment.

３ 第一項の再生債権者は、外国において弁済を受けた債権の部分については、議決権を行使することができない。

(3) The rehabilitation creditor set forth in paragraph (1) may not exercise his/her voting right with regard to the part of the claim for which he/she has received payment in the foreign state.

（代理委員）

(Rehabilitation Creditors' Representative)

第九十条 再生債権者は、裁判所の許可を得て、共同して又は各別に、一人又は数人の代理委員を選任することができる。

Article 90 (1) Rehabilitation creditors, with permission of the court, may jointly or interpedently appoint one or more rehabilitation creditors' representatives.

(2) The court, when it finds it necessary in order to ensure smooth progress in rehabilitation proceedings, may specify a reasonable period and recommend that rehabilitation creditors appoint a rehabilitation creditors' representative.

３ 代理委員は、これを選任した再生債権者のために、再生手続に属する一切の行為をすることができる。

(3) A rehabilitation creditors' representative may perform any and all acts involved in rehabilitation proceedings in the interest of the rehabilitation creditors who appoint him/her.

４ 代理委員が数人あるときは、共同してその権限を行使する。ただし、第三者の意思表示は、その一人に対してすれば足りる。

(4) If there are two or more rehabilitation creditors' representatives, they shall exercise their powers jointly; provided, however, that it shall be sufficient that a manifestation of intention by a third party be made to any one of them.

５ 裁判所は、代理委員の権限の行使が著しく不公正であると認めるときは、第一項の許可の決定又は次条第一項の選任の決定を取り消すことができる。

(5) The court may revoke an order of permission set forth in paragraph (1) or an order of appointment set forth in paragraph (1) of the following Article when it finds the exercise of powers by the rehabilitation creditors' representative to be extremely unfair.

６ 再生債権者は、いつでも、その選任した代理委員を解任することができる。

(6) Rehabilitation creditors may dismiss at any time the rehabilitation creditors' representative that they have appointed.

Article 90-2 (1) Where there are an extremely large number of rehabilitation creditors who have common interest, if any of these rehabilitation creditors, despite the recommendation made under paragraph (2) of the preceding Article, does not appoint a rehabilitation creditors' representative within the period set forth in said paragraph, and the court finds that the progress of rehabilitation proceedings would be hindered unless a rehabilitation creditors' representative is appointed, the court, on behalf of such rehabilitation creditors, may appoint a rehabilitation creditors' representative whom it considers suitable.

２ 前項の規定により代理委員を選任するには、当該代理委員の同意を得なければならない。

(2) When appointing a rehabilitation creditors' representative under the provision of the preceding paragraph, the court shall obtain consent of the rehabilitation creditors' representative in question.

(3) Where a rehabilitation creditors' representative is appointed under the provision of paragraph (1), the rehabilitation creditors' representative shall be deemed to be appointed by the principal (the person for whom the rehabilitation creditors' representative is appointed under the provision of said paragraph; the same shall apply in paragraph (6)) under the provision of paragraph (1) of the preceding Article.

４ 第一項の規定により選任された代理委員は、正当な理由があるときは、裁判所の許可を得て辞任することができる。

(4) A rehabilitation creditors' representative appointed under the provision of paragraph (1) may resign with permission of the court if there are justifiable grounds.

５ 第一項の規定により選任された代理委員は、再生債務者財産から、次に掲げるものの支払を受けることができる。

(5) A rehabilitation creditors' representative appointed under the provision of paragraph (1) may receive payment of the following from the rehabilitation debtor's assets:

一 前条第三項に規定する行為をするために必要な費用について、その前払又は支出額の償還

(i) Prepayment of necessary expenses for conducting the acts prescribed in paragraph (3) of the preceding Article, or reimbursement of the amount of such expenses paid

(6) With regard to the relationships between a rehabilitation creditors' representative appointed under the provision of paragraph (1) and the principal, the provisions of Article 644 to Article 647 and Article 654 of the Civil Code shall apply mutatis mutandis.

Article 91 (1) The court, if it is found that a rehabilitation creditor or rehabilitation creditors' representative or their agent has contributed to ensuring the rehabilitation of the rehabilitation debtor, upon the petition of the rehabilitation debtor, etc. or by its own authority, may grant permission to the effect that the expenses incurred by these persons for the administration of affairs concerned shall reimbursed or compensation shall be paid to them from the rehabilitation debtor's assets.

２ 前項の規定による決定に対しては、即時抗告をすることができる。

(2) An immediate appeal may be filed against an order made under the provision of the preceding paragraph.

Article 92 (1) Where a rehabilitation creditor owes a debt to the rehabilitation debtor at the time of commencement of rehabilitation proceedings, the rehabilitation creditor, when his/her claim and debt become suitable for a set-off prior to the expiration of the period for filing proofs of claims prescribed in Article 94 (1), may effect a set-off only within said period for filing proofs of claims, even if it is not provided for in a rehabilitation plan. The same shall apply where a rehabilitation creditor's debt is subject to a due date.

(2) Where the debt owed by a rehabilitation creditor to the rehabilitation debtor at the time of commencement of rehabilitation proceedings is a rent debt, the rehabilitation creditor may effect a set-off with regard to any rent debt that is to become due after the commencement of rehabilitation proceedings (including one that is to become due after the expiration of the period for filing proofs of claims set forth in the preceding paragraph; the same shall apply in the following paragraph) up to the amount equivalent to the six-month rent as of the time of commencement of rehabilitation proceedings only within the period for filing proofs of claims set forth in the preceding paragraph, even if it is not provided for in a rehabilitation plan.

(3) In the case referred to in the preceding paragraph, when the rehabilitation creditor, with regard to his/her rent debt that is to become due after the commencement of rehabilitation proceedings, has made payment of the debt after the commencement of rehabilitation proceedings, the rehabilitation creditor's claim to refund the security deposit shall be a common benefit claim up to the amount paid within the amount equivalent to the six-month rent as of the time of commencement of rehabilitation proceedings (in cases where a set-off is effected under the provision of said paragraph, the amount of the rent debt from which the rehabilitation creditor is relieved shall be deducted).

４ 前二項の規定は、地代又は小作料の支払を目的とする債務について準用する。

(4) The provisions of the preceding two paragraphs shall apply mutatis mutandis to a debt for payment of a rent payable by a superficiary or rent payable by a farming right holder.

（相殺の禁止）

(Prohibition of Set-Off)

第九十三条 再生債権者は、次に掲げる場合には、相殺をすることができない。

Article 93 (1) A rehabilitation creditor may not effect a set-off in the following cases:

一 再生手続開始後に再生債務者に対して債務を負担したとき。

(i) Where the rehabilitation creditor has assumed a debt to the rehabilitation debtor after the commencement of rehabilitation proceedings

(ii) Where the rehabilitation creditor has assumed a debt to the rehabilitation debtor by, after the rehabilitation debtor became unable to pay debts (the condition in which rehabilitation debtor, due to the lack of ability to pay, is generally and continuously unable to pay his/her debts as they become due; the same shall apply hereinafter), concluding a contract for disposing of the rehabilitation debtor's property with the rehabilitation debtor with the intent to set off any debt to be assumed by the rehabilitation creditor under the contract exclusively against rehabilitation claims, or concluding a contract for assuming any debt owed by another person to the rehabilitation debtor, and the rehabilitation creditor knew, at the time of conclusion of the contract, that the rehabilitation debtor was unable to pay debts.

(iii) Where the rehabilitation creditor has assumed a debt to the rehabilitation debtor after the rehabilitation debtor suspended payments, and the rehabilitation creditor knew, at the time of assumption of the debt, the fact that the rehabilitation debtor had suspended payments; provided, however, that this shall not apply if the rehabilitation debtor was not unable to pay debts at the time when the rehabilitation debtor suspended payments.

(iv) Where the rehabilitation creditor has assumed a debt to the rehabilitation debtor after a petition for commencement of rehabilitation proceedings, commencement of bankruptcy proceedings or commencement of special liquidation (hereinafter referred to as a "petition for commencement of rehabilitation proceedings, etc." in this Article and the following Article) was filed, and the rehabilitation creditor knew, at the time of assumption, of the fact that a petition for commencement of rehabilitation proceedings, etc. had been filed.

２ 前項第二号から第四号までの規定は、これらの規定に規定する債務の負担が次の各号に掲げる原因のいずれかに基づく場合には、適用しない。

(2) The provisions of item (ii) to item (iv) of the preceding paragraph shall not apply where the assumption of a debt prescribed in these provisions arose from any of the causes listed in the following items:

一 法定の原因

(i) A statutory cause

二 支払不能であったこと又は支払の停止若しくは再生手続開始の申立て等があったことを再生債権者が知った時より前に生じた原因

(ii) A cause that had occurred before the rehabilitation creditor came to know the fact that the rehabilitation debtor had been unable to pay debts, that the rehabilitation debtor had suspended payments or that a petition for commencement of rehabilitation proceedings, etc. had been filed

三 再生手続開始の申立て等があった時より一年以上前に生じた原因

(iii) A cause that had occurred not less than one year before a petition for commencement of rehabilitation proceedings, etc. was filed

第九十三条の二 再生債務者に対して債務を負担する者は、次に掲げる場合には、相殺をすることができない。

Article 93-2 (1) A person who owes a debt to the rehabilitation debtor may not effect a set-off in the following cases:

一 再生手続開始後に他人の再生債権を取得したとき。

(i) Where the person has acquired another person's rehabilitation claim after the commencement of rehabilitation proceedings.

二 支払不能になった後に再生債権を取得した場合であって、その取得の当時、支払不能であったことを知っていたとき。

(ii) Where the person has acquired a rehabilitation claim after the rehabilitation debtor became unable to pay debts, and the person knew, at the time of acquisition of the claim, the fact that the rehabilitation debtor was unable to pay debts.

(iii) Where the person has acquired a rehabilitation claim after the rehabilitation debtor suspended payments, and the person knew, at the time of acquisition of the claim, the fact that the rehabilitation debtor had suspended payments; provided, however, that this shall not apply if the rehabilitation debtor was not unable to pay debts at the time when the rehabilitation debtor suspended payments.

四 再生手続開始の申立て等があった後に再生債権を取得した場合であって、その取得の当時、再生手続開始の申立て等があったことを知っていたとき。

(iv) Where the person has acquired a rehabilitation claim after a petition for commencement of rehabilitation proceedings, etc. was filed, and the person knew, at the time of acquisition of the claim, the fact that a petition for commencement of rehabilitation proceedings, etc. had been filed.

２ 前項第二号から第四号までの規定は、これらの規定に規定する再生債権の取得が次の各号に掲げる原因のいずれかに基づく場合には、適用しない。

(2) The provisions of item (ii) to item (iv) of the preceding paragraph shall not apply where the acquisition of a rehabilitation claim prescribed in these provisions arose from any of the causes listed in the following items:

(ii) A cause that had occurred before the person who owes a debt to the rehabilitation debtor came to know the fact that the rehabilitation debtor had been unable to pay debts, that the rehabilitation debtor had suspended payments or that a petition for commencement of rehabilitation proceedings, etc. had been filed

三 再生手続開始の申立て等があった時より一年以上前に生じた原因

(iii) A cause that had occurred not less than one year before a petition for commencement of rehabilitation proceedings, etc. was filed

四 再生債務者に対して債務を負担する者と再生債務者との間の契約

(iv) A contract concluded between the rehabilitation debtor and the person who owes a debt to the rehabilitation debtor

Article 94 (1) A rehabilitation creditor who intends to participate in rehabilitation proceedings shall file a proof to the court, within a period during which proofs of rehabilitation claims should be filed as specified pursuant to the provisions of Article 34 (1) (hereinafter referred to as a "period for filing proofs claims"), with regard to the amount and cause of each rehabilitation claim, if the claim in question is a consensually-subordinated rehabilitation claim, a statement to that effect, the amount of the voting right, and any other matters specified by the Rules of the Supreme Court.

(2) A holder of a right of separate satisfaction, in addition to the matters listed in the items of the preceding paragraph, shall also file a proof of the collateral for the right of separate satisfaction, and the amount of the claim for which payment is not expected to be received by exercising the right of separate satisfaction.

Article 95 (1) Where a rehabilitation creditor was unable to file a proof of his/her rehabilitation claim within the period for filing proofs of claims due to grounds not attributable thereto, he/she may subsequently complete the filing of proof only within one month after the reasons cease to exist.

２ 前項に定める届出の追完の期間は、伸長し、又は短縮することができない。

(2) The one-month period for subsequent completion of filing of proof specified in the preceding paragraph may not be extended or shortened.

３ 債権届出期間経過後に生じた再生債権については、その権利の発生した後一月の不変期間内に、届出をしなければならない。

(3) With regard to a rehabilitation claim arising after the expiration of the period for filing proofs of claims, a proof shall be filed within an unextendable period of one month after the claim arose.

４ 第一項及び第三項の届出は、再生計画案を決議に付する旨の決定がされた後は、することができない。

(4) The filing of proof set forth in paragraph (1) and paragraph (3) may not be made after an order to refer a proposed rehabilitation plan to a resolution is made.

(5) The provisions of paragraph (1), paragraph (2) and the preceding paragraph shall apply mutatis mutandis where a rehabilitation creditor makes a change to any filed matter, which is prejudicial to the interest of other rehabilitation creditors, due to grounds not attributable thereto.

Article 96 A person who has acquired a filed rehabilitation claim may receive a change of the name of the holder of filed claim even after the expiration of the period for filing proofs of claims. The same shall apply to a person who has acquired a rehabilitation claim stated in a statement of approval or disapproval under the provision of Article 101 (3).

Article 97 With regard to a claim for a fine, petty fine, court costs for a criminal case, collection of equivalent value or non-penal fine which has arisen prior to the commencement of rehabilitation proceedings (excluding one that is a common benefit claim or claim with general priority; thereinafter referred to as a "claim for a fine, etc. arising prior to the commencement of rehabilitation proceedings"), the State or local public entity that holds such claim shall file a proof of the amount and cause thereof with the court without delay.

Article 99 (1) A court clerk shall prepare a schedule of rehabilitation creditors with regard to filed rehabilitation claims as well as rehabilitation claims stated by the rehabilitation debtor, etc. in a statement of approval or disapproval pursuant to the provision of Article 101 (3).

(2) In the schedule of rehabilitation creditors set forth in the preceding paragraph, for each claim, its content (including whether or not it is a consensually-subordinated rehabilitation claim; hereinafter the same shall apply in this Section) and cause, the amount of the voting right, the amount of the claim prescribed in Article 94 (2), and any other matters specified by the Rules of the Supreme Court shall be entered.

３ 再生債権者表の記載に誤りがあるときは、裁判所書記官は、申立てにより又は職権で、いつでもその記載を更正する処分をすることができる。

(3) If there are any errors in the entries in the schedule of rehabilitation creditors, a court clerk, upon petition or by his/her own authority, may make a disposition to correct the statements at any time.

Article 100 An investigation of rehabilitation claims by the court shall be conducted, with regard to the matters prescribed in paragraph (2) of the preceding Article, based on a statement of approval or disapproval prepared by the rehabilitation debtor, etc. as well as written objections made by rehabilitation creditors and by the rehabilitation debtor (limited to cases where a trustee is appointed).

Article 101 (1) The rehabilitation debtor, etc. shall prepare a statement of approval or disapproval to state, with regard to each rehabilitation claim filed during the period for filing proofs of claims, his/her approval or disapproval of the content of such claim and the voting right.

(2) The rehabilitation debtor, etc., with regard to a rehabilitation claim which is filed or for which a change is made to any filed matter under the provision of Article 95, may also state his/her approval or disapproval of the content of such claim and the voting right (in cases where there is a change to any filed matter, the content of the claim and the voting right as changed) in the statement of approval or disapproval set forth in said paragraph.

(3) The rehabilitation debtor, etc., if he/she knows that there is any rehabilitation claim that has not been filed, shall state, in the statement of approval or disapproval set forth in paragraph (1), what he/she is aware of and any other matters specified by the Rules of the Supreme Court with regard to such rehabilitation claim.

(4) Where no consensually-subordinated rehabilitation claim is filed within the period for filing proofs of claims, the provision of the preceding paragraph shall not apply to any consensually-subordinated rehabilitation claim that is known to the rehabilitation debtor, etc.

(5) The rehabilitation debtor, etc. shall submit a statement of approval or disapproval prepared pursuant to the provisions of the preceding paragraphs by the time limit set by the court prior to the period for conducting an investigation of rehabilitation claims prescribed in Article 34 (1) (hereinafter referred to as the "ordinary period for investigation").

(6) If, in the statement of approval or disapproval submitted pursuant to the provision of the preceding paragraph, neither approval nor disapproval is stated with regard to the content of a rehabilitation claim prescribed in paragraph (1) or the voting right, it shall be deemed that the rehabilitation debtor, etc. approves these matters. The same shall apply where neither approval nor disapproval is stated in said statement of approval or disapproval with regard to the content of a rehabilitation claim prescribed in paragraph (2) or the voting right.

Article 102 (1) A rehabilitation creditor who has filed a proof of his/her claim (hereinafter referred to as a "holder of filed rehabilitation claim") may make an objection in writing to the court, within the ordinary period for investigation, with regard to the content of a rehabilitation claim prescribed in paragraph (1) or paragraph (2) of the preceding Article or the voting right, or the content of a rehabilitation claim stated in a statement of approval or disapproval pursuant to the provision of paragraph (3) of said Article.

(2) The rehabilitation debtor (limited to cases where a trustee is appointed) may make an objection in writing to the court, within the ordinary period for investigation, with regard to the content of the rehabilitation claim prescribed in the preceding paragraph.

(3) When an order to change the ordinary period for investigation is made, the written order shall be served upon the rehabilitation debtor, a trustee, and holders of filed rehabilitation claims (prior to the expiration of the period for filing proofs of claims, known rehabilitation creditors).

４ 前項の規定による送達は、第四十三条第四項に規定する方法によりすることができる。

(4) The service under the provision of the preceding paragraph may be made by the method prescribed in Article 43 (4).

５ 前項の規定による送達をした場合においては、その郵便物等が通常到達すべきであった時に、送達があったものとみなす。

(5) Where a service has been made under the provision of the preceding paragraph, the service shall be deemed to have been made at the time when the postal item, etc. sent thereby should have normally arrived.

Article 103 (1) The court, with regard to a rehabilitation claim which is filed or for which a change is made to any filed matter under the provision of Article 95, shall specify a period for conducting an investigation of such claim (hereinafter referred to as a "special period for investigation"); provided, however, that this shall not apply where the rehabilitation debtor, etc. states, in a statement of approval or disapproval, his/her approval or disapproval of the content of such rehabilitation claim or the voting right.

２ 前項本文の場合には、特別調査期間に関する費用は、当該再生債権を有する者の負担とする。

(2) In the case referred to in the main clause of the preceding paragraph, the expenses for the special period for investigation shall be borne by the person who holds the rehabilitation claim investigated.

(3) The rehabilitation debtor, etc., with regard to a rehabilitation claim to be investigated during the special period for investigation, shall prepare a statement of approval or disapproval to state his/her approval or disapproval of the content of such claim and the voting right, and submit it to the court by the time limit set by the court prior to the special period for investigation. In this case, the provision of the first sentence of Article 101 (6) shall apply mutatis mutandis.

(4) A holder of filed rehabilitation claim and the rehabilitation debtor (limited to cases where a trustee is appointed) may make an objection in writing to the court within the special period for investigation, with regard to the content of a rehabilitation claim set forth in the preceding paragraph or the voting right, or the amount of a rehabilitation claim set forth in said paragraph, respectively.

５ 前条第三項から第五項までの規定は、特別調査期間を定める決定又はこれを変更する決定をした場合における裁判書の送達について準用する。

(5) The provisions of paragraph (3) to paragraph (5) of the preceding Article shall apply mutatis mutandis to the service of a written order where an order to specify or change the special period for investigation is made.

Article 103-2 (1) In the case referred to in the main clause of paragraph (1) of the preceding Article, a court clerk shall specify a reasonable period and order the person who holds the rehabilitation claim set forth in paragraph (2) of said Article to prepay the expenses set forth in said paragraph.

２ 前項の規定による処分は、相当と認める方法で告知することによって、その効力を生ずる。

(2) The disposition made under the provision of the preceding paragraph shall become effective when a notice thereof is given by a method that is considered to be appropriate.

３ 第一項の規定による処分に対しては、その告知を受けた日から一週間の不変期間内に、異議の申立てをすることができる。

(3) An objection may be filed against a disposition made under the provision of paragraph (1) within an unextendable period of one week from the day on which a notice thereof is received.

４ 前項の異議の申立ては、執行停止の効力を有する。

(4) The objection set forth in the preceding paragraph shall have the effect of stay of execution.

(5) In the case referred to in paragraph (1), if the person who holds the rehabilitation claim set forth in said paragraph does not prepay the expenses set forth in said paragraph, the court, by an order, shall dismiss without prejudice the person's filing of proof of the rehabilitation claim or filing of the change of any filed matter.

６ 前項の規定による却下の決定に対しては、即時抗告をすることができる。

(6) An immediate appeal may be filed against an order of dismissal made under the provision of the preceding paragraph.

Article 104 (1) The content of a rehabilitation claim and the amount of the voting right (in the case of a rehabilitation claim stated in a statement of approval or disapproval pursuant to the provision of Article 101 (3), the content as stated therein) shall become determined if, in the investigation of rehabilitation claims, they are approved by the rehabilitation debtor, etc. and no objection is made by any holder of filed rehabilitation claim during the period of investigation.

２ 裁判所書記官は、再生債権の調査の結果を再生債権者表に記載しなければならない。

(2) A court clerk shall make an entry of the results of the investigation of rehabilitation claims in the schedule of rehabilitation creditors.

３ 第一項の規定により確定した再生債権については、再生債権者表の記載は、再生債権者の全員に対して確定判決と同一の効力を有する。

(3) The entries in the schedule of rehabilitation creditors with regard to the rehabilitation claims that become determined pursuant to the provision of paragraph (1) shall have the same effect as a final and binding judgment against all rehabilitation creditors.

Article 105 (1) Where, in an investigation of rehabilitation claims, the rehabilitation debtor, etc. has disapproved the content of a rehabilitation claim or an objection has been made by any holder(s) of filed rehabilitation claim with regard to this matter, the holder of filed rehabilitation claim who holds the rehabilitation claim in question (hereinafter referred to as the "denied/disputed rehabilitation claim"), in order to determine the content of the claim, may file a petition for assessment to the court against the rehabilitation debtor as well as said holder(s) of filed rehabilitation claim who made the objection (hereinafter referred to as the "denying/disputing party" in this Article to Article 107 and Article 109); provided, however, that this shall not apply in the case referred to in Article 107 (1) and Article 109 (1) and (2).

２ 前項本文の査定の申立ては、異議等のある再生債権に係る調査期間の末日から一月の不変期間内にしなければならない。

(2) The petition for assessment set forth in the main clause of the preceding paragraph shall be filed within an unextendable period of one month from the last day of the period of investigation for the denied/disputed rehabilitation claim.

３ 第一項本文の査定の申立てがあった場合には、裁判所は、当該申立てを不適法として却下する場合を除き、査定の裁判をしなければならない。

(3) Where a petition for assessment set forth in the main clause of paragraph (1) is filed, the court shall make an assessment decision, except where it dismisses the petition as unlawful without prejudice.

４ 査定の裁判においては、異議等のある再生債権について、その債権の存否及びその内容を定める。

(4) An assessment decision shall specify the existence or nonexistence of a denied/disputed rehabilitation claim and the content thereof.

５ 裁判所は、査定の裁判をする場合には、異議者等を審尋しなければならない。

(5) The court, when making an assessment decision, shall interrogate the denying/disputing party(s).

(6) Where a judicial decision on a petition for assessment set forth in the main clause of paragraph (1) is made, the written decision shall be served upon the parties concerned. In this case, the provision of the main clause of Article 10 (3) shall not apply.

Article 106 (1) A person who disagrees with a judicial decision on a petition for assessment set forth in the main clause of paragraph (1) of the preceding Article may file an action to oppose within an unextendable period of one month after the day on which the person received the service of the decision.

２ 前項の訴えは、再生裁判所が管轄する。

(2) The action set forth in the preceding paragraph shall be subject to the jurisdiction of the rehabilitation court.

(3) The court of the first instance with which an action set forth in paragraph (1) is filed, when it finds it necessary in order to avoid substantial detriment or delay in cases where the rehabilitation court's jurisdiction over the rehabilitation case is based on no provisions of laws or regulations other than the provision of Article 5 (8) or (9) (including cases where the rehabilitation court has accepted the rehabilitation case transferred thereto pursuant to the provision of Article 7 (iv) and the acceptance of the transferred case is based on no provision other than the provision of Article 7 (iv) (b) or (c)), by its own authority, may transfer said action to the district court prescribed in Article 5 (1) (or the district court prescribed in Article 5 (2) if there is no such court that corresponds to the court prescribed in Article 5 (1)), notwithstanding the provision of the preceding paragraph.

(4) In an action set forth in paragraph (1), all of the denying/disputing party(s), etc. shall stand as defendants if it is filed by the rehabilitation creditor who holds the denied/disputed rehabilitation claim, and such rehabilitation creditor shall stand as a defendant if it is filed by a denying/disputing party.

５ 第一項の訴えの口頭弁論は、同項の期間を経過した後でなければ開始することができない。

(5) Oral argument for an action set forth in paragraph (1) may not be commenced until the period set forth in said paragraph has expired.

(6) If two or more actions set forth in paragraph (1) are pending with respect to the same claim concurrently, oral arguments and judicial decisions of these actions shall be made in a consolidated manner. In this case, the provisions of Article 40 (1) to (3) of the Code of Civil Procedure shall apply mutatis mutandis.

７ 第一項の訴えについての判決においては、訴えを不適法として却下する場合を除き、同項の裁判を認可し、又は変更する。

(7) A judgment rendered with regard to an action set forth in paragraph (1), except where the action is dismissed as unlawful without prejudice, shall approve or change the judicial decision set forth in said paragraph.

（異議等のある再生債権に関する訴訟の受継）

(Taking Over of Action Relating to Denied/Disputed Rehabilitation Claim)

Article 107 (1) Where an action relating to a denied/disputed rehabilitation claim is pending at the time of commencement of rehabilitation proceedings, when a rehabilitation creditor seeks to determine the content of the claim, he/she shall file a petition for taking over of action, designating all of the denying/disputing party(s) as the opponents.

２ 第百五条第二項の規定は、前項の申立てについて準用する。

(2) The provision of Article 105 (2) shall apply mutatis mutandis to the petition set forth in the preceding paragraph.

Article 108 In the proceedings for assessment based on a petition for assessment set forth in the main clause of Article 105 (1) or court proceedings of an action set forth in Article 106 (1) or court proceedings of an action taken over under the provision of paragraph (1) of the preceding Article, a rehabilitation creditor may assert the content and cause of the denied/disputed rehabilitation claim, only as entered in the schedule of rehabilitation creditors.

（執行力ある債務名義のある債権等に対する異議の主張）

(Assertion of Objection to Claim with Enforceable Title of Obligation, etc.)

Article 109 (1) With regard to a denied/disputed rehabilitation claim accompanied by an enforceable title of obligation or final judgment, the denying/disputing party may assert an objection only through the court proceedings that the rehabilitation debtor may carry out.

(2) Where an action relating to the rehabilitation claim prescribed in the preceding paragraph is pending at the time of commencement of rehabilitation proceedings, when the denying/disputing party intends to assert an objection under the provision of said paragraph, the denying/disputing party shall take over the action in which the rehabilitation creditor who holds the rehabilitation claim in question stands as the opponent.

(3) The provision of Article 105 (2) shall apply mutatis mutandis to the assertion of an objection under the provision of paragraph (1) or the taking over of action under the provision of the preceding paragraph, and the provisions of Article 106 (5) and (6) and the preceding Article shall apply to the cases referred to in the preceding two paragraphs. In this case, the phrase "the period set forth in said paragraph" in Article 106 (5) shall be deemed to be replaced with "an unextendable period of one month from the last day of the period for investigation for the denied/disputed rehabilitation claim."

(4) Where the assertion of an objection under the provision of paragraph (1) or the taking over of action under the provision of paragraph (2) has not taken place within the period prescribed in Article 105 (2) as applied mutatis mutandis pursuant to the preceding paragraph, if the denying/disputing party is a rehabilitation creditor, it shall be deemed that no objection under Article 102 (1) or Article 103 (4) has been made, and if the denying/disputing party is the rehabilitation debtor, etc., it shall be deemed that the rehabilitation debtor, etc. has approved the rehabilitation claim in question.

（再生債権の確定に関する訴訟の結果の記載）

(Entry of the Outcome of Action Concerning the Determination of Rehabilitation Claim)

Article 110 A court clerk, upon the petition of the rehabilitation debtor, etc. or a rehabilitation creditor, shall make an entry, in the schedule of rehabilitation creditors, of the outcome of an action concerning the determination of a rehabilitation claim (in cases where an action set forth in Article 106 (1) against a judicial decision on a petition for assessment set forth in the main clause of Article 105 (1) is not filed within the period prescribed in Article 106 (1) or is dismissed without prejudice, the content of said judicial decision).

（再生債権の確定に関する訴訟の判決等の効力）

(Effect of Judgment, etc. on Action Concerning the Determination of Rehabilitation Claim)

第百十一条 再生債権の確定に関する訴訟についてした判決は、再生債権者の全員に対して、その効力を有する。

Article 111 (1) A judgment made upon an action concerning the determination of a rehabilitation claim shall be effective against all rehabilitation creditors.

(2) If an action set forth in Article 106 (1) against a judicial decision on a petition for assessment set forth in the main clause of Article 105 (1) is not filed within the period prescribed in Article 106 (1) or is dismissed without prejudice, said judicial decision shall have the same effect as a final and binding judgment against all rehabilitation creditors.

Article 112 When the rehabilitation debtor's assets have been enriched from an action concerning the determination of a rehabilitation claim (including a judicial decision on a petition for assessment set forth in the main clause of Article 105 (1)), the rehabilitation creditor who asserted an objection may claim reimbursement of court costs from the rehabilitation debtor's property to the extent that the rehabilitation debtor's assets have been enriched.

（再生手続終了の場合における再生債権の確定手続の取扱い）

(Treatment of the Proceedings for Determination of Rehabilitation Claim upon Close of Rehabilitation Proceedings)

Article 112-2 (1) The proceedings for assessment based on a petition for assessment set forth in the main clause of Article 105 (1) which are pending at the time of close of rehabilitation proceedings shall be closed if the close of rehabilitation proceedings occurs before an order of confirmation of the rehabilitation plan becomes final and binding, and shall continue to be pending if the close of rehabilitation proceedings occurs after an order of confirmation of the rehabilitation plan becomes final and binding.

(2) The provisions of Article 68 (2) and (3) shall apply mutatis mutandis to proceedings for assessment based on a petition for assessment set forth in the main clause of Article 105 (1) in which a trustee stands as a party in cases where rehabilitation proceedings are closed after an order of confirmation of the rehabilitation plan becomes final and binding.

(3) Where rehabilitation proceedings are closed after an order of confirmation of the rehabilitation plan becomes final and binding, if a judicial decision on a petition for assessment set forth in the main clause of Article 105 (1) is made after the close of rehabilitation proceedings, an action set forth in Article 106 (1) may be filed pursuant to the provision of Article 106 (1).

(4) An action set forth in Article 106 (1) which is pending at the time of close of rehabilitation proceedings and in which the rehabilitation debtor, etc. does not stand as a party shall be discontinued if the close of rehabilitation proceedings occurs before an order of confirmation of the rehabilitation plan becomes final and binding, and shall continue to be pending if the close of rehabilitation proceedings occurs after an order of confirmation of the rehabilitation plan becomes final and binding.

(5) The action pending at the time of close of rehabilitation proceedings (excluding those in which the rehabilitation debtor, etc. stands as a party), which is taken over under the provisions of Article 107 (1) or Article 109 (2), shall be discontinued if the close of rehabilitation proceedings occurs before an order of confirmation of the rehabilitation plan becomes final and binding, and shall not be discontinued if the close of rehabilitation proceedings occurs after an order of confirmation of the rehabilitation plan becomes final and binding.

６ 前項の規定により訴訟手続が中断する場合においては、第六十八条第三項の規定を準用する。

(6) Where an action is discontinued pursuant to the provision of the preceding paragraph, the provision of Article 68 (3) shall apply mutatis mutandis.

（再生手続開始前の罰金等についての不服の申立て）

(Appeal against Claim for Fine, etc. Arising Prior to the Commencement of Rehabilitation Proceedings)

第百十三条 再生手続開始前の罰金等については、第百条から前条までの規定は、適用しない。

Article 113 (1) With regard to a claim for a fine, etc. arising prior to the commencement of rehabilitation proceedings, the provisions of Article 100 to the preceding Article shall not apply.

(2) Where the cause of a claim for collection of equivalent value or non-penal fine filed under the provision of Article 97 is a disposition against which a request for review, action (excluding a criminal action; the same shall apply in the following paragraph) or any other appeal may be filed, the rehabilitation debtor, etc. may assert an objection with regard to the claim for collection of equivalent value or non-penal fine by a method of filing such an appeal.

(3) In the case referred to in the preceding paragraph, if an action relating to the filed claim for collection of equivalent value or non-penal fine is pending at the time of commencement of rehabilitation proceedings, the rehabilitation debtor, etc. who intends to assert an objection prescribed in said paragraph shall take over the action in which the rehabilitation creditor who holds the filed claim stands as the opponent. The same shall apply where a case relating to the rehabilitation debtor's property is pending before an administrative agency with regard to the filed claim for collection of equivalent value or non-penal fine at the time of commencement of rehabilitation proceedings.

(4) The assertion of an objection under the provision of paragraph (2) or the taking over of action under the provision of the preceding paragraph shall be performed within an unextendable period of one month after the day on which the rehabilitation debtor, etc. came to know the fact of the filing of a claim for collection of equivalent value or non-penal fine prescribed in paragraph (2).

(5) The provision of Article 104 (2) shall apply mutatis mutandis to a claim for a fine, etc. arising prior to the commencement of rehabilitation proceedings, which is filed pursuant to the provision of Article 97, and the provisions of Article 108, Article 110, and Article 111 (1) shall apply mutatis mutandis to cases where the assertion of an objection under the provision of paragraph (2) or the taking over of action under the provision of paragraph (3) has taken place.

Article 114 The court shall convoke a creditors meeting upon the petition of the rehabilitation debtor, etc. or the creditors committee prescribed in Article 117 (2) or petition of a rehabilitation creditor who holds a rehabilitation claim that accounts for one-tenth or more of the value of total claims held by known rehabilitation creditors as determined by the court; provided, however, that the court may convoke a creditors meeting without these petitions when it finds it appropriate.

Article 115 (1) On the date of a creditors meeting, the rehabilitation debtor, a trustee, holders of filed rehabilitation claims, and any person who has assumed a debt or provided security for the purpose of rehabilitation shall be summoned; provided, however, that when the order set forth in Article 34 (2) is made, holders of filed rehabilitation claims shall not be required to be summoned, except on the date of a creditors meeting aimed for adopting a resolution on a proposed rehabilitation plan.

２ 前項の規定にかかわらず、議決権を行使することができない届出再生債権者は、呼び出さないことができる。

(2) Notwithstanding the provision of the preceding paragraph, it is allowed not to summon holders of filed rehabilitation claims who may not exercise their voting rights.

３ 債権者集会の期日は、労働組合等に通知しなければならない。

(3) A notice of the date of a creditors meeting shall be given to the labor union, etc.

４ 裁判所は、債権者集会の期日及び会議の目的である事項を公告しなければならない。

(4) The court shall make a public notice of the date of a creditors meeting and the matters that are the purposes of the meeting.

５ 債権者集会の期日においてその延期又は続行について言渡しがあったときは、第一項及び前二項の規定は、適用しない。

(5) If it is rendered, on the date of a creditors meeting, that the meeting shall be postponed or continued, the provisions of paragraph (1) and the preceding two paragraphs shall not apply.

Article 117 (1) Where there is a committee consisting of rehabilitation creditors, the court, upon the petition of an interested person, may give approval to the participation of said committee in rehabilitation proceedings as provided for by this Act; provided, however, that this shall apply only where all of the following requirements are met:

一 委員の数が、三人以上最高裁判所規則で定める人数以内であること。

(i) The number of committee members is not less than three and not more than the number specified by the Rules of the Supreme Court.

二 再生債権者の過半数が当該委員会が再生手続に関与することについて同意していると認められること。

(ii) It is found that the majority of rehabilitation creditors consent to the committee's participation in rehabilitation proceedings.

三 当該委員会が再生債権者全体の利益を適切に代表すると認められること。

(iii) It is found that the committee will properly represent the interest of rehabilitation creditors as a whole.

(2) The court, when it finds it necessary, may request the committee approved pursuant to the provision of the preceding paragraph (hereinafter referred to as the "creditors committee") to state its opinions in rehabilitation proceedings.

３ 債権者委員会は、再生手続において、裁判所、再生債務者等又は監督委員に対して、意見を述べることができる。

(3) The creditors committee may state its opinions to the court, the rehabilitation debtor, etc. or a supervisor in rehabilitation proceedings.

(4) When it is found that the creditors committee has carried out activities that contribute to ensuring the rehabilitation of the rehabilitation debtor, the court, upon the petition of a rehabilitation creditor who has incurred necessary expenses for said activities, may permit reimbursement of the amount of expenses, which it finds reasonable, to said rehabilitation creditor from the rehabilitation debtor's assets.

５ 裁判所は、利害関係人の申立てにより又は職権で、いつでも第一項の規定による承認を取り消すことができる。

(5) The court, upon the petition of an interested person or by its own authority, may rescind the approval given pursuant to the provision of paragraph (1) at any time.

（債権者委員会の意見聴取）

(Hearing of Opinions of the Creditors Committee)

第百十八条 裁判所書記官は、前条第一項の規定による承認があったときは、遅滞なく、再生債務者等に対して、その旨を通知しなければならない。

Article 118 (1) A court clerk, when approval is given pursuant to the provision of paragraph (1) of the preceding Article, without delay, shall give a notice to the rehabilitation debtor, etc. to that effect.

(2) The rehabilitation debtor, etc., upon receiving the notice under the provision of the preceding paragraph, without delay, shall hear opinions of the creditors committee with regard to the matters concerning the administration of the rehabilitation debtor's business and property.

（再生債務者等の債権者委員会に対する報告義務）

(Duty to Report of the Rehabilitation Debtor, etc. to the Creditors Committee)

Article 118-2 (1) The rehabilitation debtor, etc., when he/she has submitted written reports, etc. (meaning written reports, inventory of assets or balance sheets; hereinafter the same shall apply in this Article) to the court pursuant to the provisions of Article 124 (2) or Article 125 (1) or (2), without delay, shall also submit said written reports, etc. to the creditors committee.

(2) When the rehabilitation debtor, etc., in the case referred to in the preceding paragraph, has filed a petition set forth in Article 17 (1), alleging that the written reports, etc. in question contain a detrimental part prescribed in Article 17 (1), it shall be sufficient for him/her to submit the written reports, etc. excluding such part to the creditors committee.

Article 118-3 (1) The creditors committee, when it is necessary for the interest of rehabilitation creditors as a whole, may request the court to order that the rehabilitation debtor, etc. make a report under the provision of Article 125 (2) with regard to the status of the administration of the rehabilitation debtor's business and property and other necessary matters concerning the rehabilitation of the rehabilitation debtor's business.

(2) The court that has received a request made under the provision of the preceding paragraph, when it finds the request appropriate, shall order that the rehabilitation debtor, etc. make a report under the provision of Article 125 (2).

第五章 共益債権、一般優先債権及び開始後債権

Chapter V Common Benefit Claims, Claims with General Priorities, and Post Commencement Claims

（共益債権となる請求権）

(Claims in the Scope of Common Benefit Claims)

第百十九条 次に掲げる請求権は、共益債権とする。

Article 119 The following claims shall be common benefit claims:

一 再生債権者の共同の利益のためにする裁判上の費用の請求権

(i) A claim for expenses for court proceedings performed for the common interest of rehabilitation creditors

二 再生手続開始後の再生債務者の業務、生活並びに財産の管理及び処分に関する費用の請求権

(ii) A claim for expenses for the administration and disposition of the rehabilitation debtor's business, living and property after the commencement of rehabilitation proceedings

三 再生計画の遂行に関する費用の請求権（再生手続終了後に生じたものを除く。）

(iii) A claim for expenses for the execution of a rehabilitation plan (excluding one arising after the close of rehabilitation proceedings)

(v) A claim arising from the borrowing of funds or any other act conducted by the rehabilitation debtor, etc. with respect to the rehabilitation debtor's assets after the commencement of rehabilitation proceedings

六 事務管理又は不当利得により再生手続開始後に再生債務者に対して生じた請求権

(vi) A claim arising against the rehabilitation debtor after the commencement of rehabilitation proceedings from management without mandate or unjust enrichment

七 再生債務者のために支出すべきやむを得ない費用の請求権で、再生手続開始後に生じたもの（前各号に掲げるものを除く。）

(vii) A claim for unavoidable expenses that should be paid for the interest of the rehabilitation debtor, which has arisen after the commencement of rehabilitation proceedings (excluding those listed in the preceding items)

Article 120 (1) Where the rehabilitation debtor (excluding cases where a provisional administrator is appointed; hereinafter the same shall apply in this paragraph and paragraph (3)), after a petition for commencement of rehabilitation proceedings is filed and before rehabilitation proceedings are commenced, borrows funds, purchases raw materials or conducts any other act indispensable for the continuation of the rehabilitation debtor's business, the court may grant permission to the effect that the other party's claim arising from such act shall be a common benefit claim.

２ 裁判所は、監督委員に対し、前項の許可に代わる承認をする権限を付与することができる。

(2) The court may empower a supervisor to give approval in lieu of the permission set forth in the preceding paragraph.

３ 再生債務者が第一項の許可又は前項の承認を得て第一項に規定する行為をしたときは、その行為によって生じた相手方の請求権は、共益債権とする。

(3) When the rehabilitation debtor has conducted any of the acts prescribed in paragraph (1) with permission set forth in paragraph (1) or approval set forth in the preceding paragraph, the other party's claim arising from such act shall be a common benefit claim.

４ 保全管理人が再生債務者の業務及び財産に関し権限に基づいてした資金の借入れその他の行為によって生じた請求権は、共益債権とする。

(4) A claim arising from the borrowing of funds or any other act conducted by a provisional administrator as empowered with respect to the rehabilitation debtor's business and property shall be a common benefit claim.

Article 120-2 (1) Where a bond administrator intends to administer the affairs concerning the administration of company bonds that are rehabilitation claims, the court, when it finds it necessary in order to achieve the purpose of rehabilitation proceedings, may grant permission to the effect that the bond administrator's claim for expenses to be incurred for the administration of said affairs against the rehabilitation debtor shall be a common benefit claim.

(2) Even where a bond administrator has administered the affairs concerning the administration of company bonds that are rehabilitation claims without the permission set forth in the preceding paragraph, the court, if it is found that the bond administrator has contributed to ensuring the rehabilitation of the rehabilitation debtor's business, may grant permission to the effect that a claim for rehabilitation of the expenses incurred for the administration of said affairs shall be a common benefit claim for an amount that the court finds reasonable by taking into consideration the degree of his/her contribution.

３ 裁判所は、再生手続開始後の原因に基づいて生じた社債管理者の報酬の請求権のうち相当と認める額を共益債権とする旨の許可をすることができる。

(3) The court may grant permission to the effect that a bond administrator's claim for remuneration arising from a cause that has occurred after the commencement of rehabilitation proceedings shall be a common benefit claim for an amount that the court finds reasonable.

４ 前三項の規定による許可を得た請求権は、共益債権とする。

(4) A claim for which permission is obtained under the provisions of the preceding three paragraphs shall be a common benefit claim.

５ 第一項から第三項までの規定による許可の決定に対しては、即時抗告をすることができる。

(5) An immediate appeal may be filed against an order of permission under the provisions of paragraph (1) to paragraph (3).

(6) The provisions of the preceding paragraphs shall apply mutatis mutandis to a claim for expenses or remuneration that arises from the affairs concerning the administration of a claim set forth in each of the following items, which is a rehabilitation claim, for the categories of the persons listed in the respective items:

(iv) A bond administrator prescribed in Article 61-6 of the Insurance Business Act (Act No. 105 of 1995): Company bonds issued by a mutual company (meaning a mutual company prescribed in Article 2 (5) of said Act)

(3) Where compulsory execution or provisional seizure is enforced against the rehabilitation debtor's property based on a common benefit claim, if the compulsory execution or provisional seizure would cause significant hindrance to rehabilitation and the rehabilitation debtor additionally has adequate property that is easy to realize, the court, after the commencement of rehabilitation proceedings, upon the petition of the rehabilitation debtor, etc. or by its own authority, may order the stay or revocation of the compulsory execution or provisional seizure, while requiring or not requiring the provision of security.

４ 裁判所は、前項の規定による中止の命令を変更し、又は取り消すことができる。

(4) The court may change or revoke a stay order issued under the provision of the preceding paragraph.

５ 第三項の規定による中止又は取消しの命令及び前項の規定による決定に対しては、即時抗告をすることができる。

(5) An immediate appeal may be filed against a stay order or revocation order issued under the provision of paragraph (3) and an order made under the provision of the preceding paragraph.

６ 前項の即時抗告は、執行停止の効力を有しない。

(6) The immediate appeal set forth in the preceding paragraph shall not have the effect of stay of execution.

（一般優先債権）

(Claims with General Priority)

第百二十二条 一般の先取特権その他一般の優先権がある債権（共益債権であるものを除く。）は、一般優先債権とする。

Article 122 (1) A claim for which a general statutory lien or any other general priority exists (excluding one that is a common benefit claim) shall be a claim with general priority.

２ 一般優先債権は、再生手続によらないで、随時弁済する。

(2) Claims with general priorities may be paid at any time without going through rehabilitation proceedings.

３ 優先権が一定の期間内の債権額につき存在する場合には、その期間は、再生手続開始の時からさかのぼって計算する。

(3) Where a priority exists with regard to the amount of claim arising for a specific period of time, such period shall be calculated from the time of commencement of rehabilitation proceedings.

(4) The provisions of paragraph (3) to paragraph (6) of the preceding Article shall apply mutatis mutandis to compulsory execution or provisional seizure based on a claim with general priority, or exercise of a general statutory lien intended to secure a claim with general priority.

Article 123 (1) A claim on property arising from a cause that has occurred after the commencement of rehabilitation proceedings (excluding one that is a common benefit claim, claim with general priority or rehabilitation claim) shall be a post commencement claim.

(2) With regard to a post commencement claim, during the period after a rehabilitation proceeding is commenced until the payment period specified in a rehabilitation plan expires (or until rehabilitation proceedings are closed if the close of rehabilitation proceedings occurs before an order of confirmation of the rehabilitation plan becomes final and binding, or until payment based on the rehabilitation plan is completed or the rehabilitation plan is revoked if these events occur prior to the expiration of said period), it is not allowed to make or receive payment or conduct any other act to cause the claim to be extinguished (excluding a release).

(3) During the period prescribed in the preceding paragraph, it is not allowed to enforce compulsory execution, provisional seizure or provisional disposition against the rehabilitation debtor's property or file a petition for an assets disclosure procedure based on a post commencement claim.

第六章 再生債務者の財産の調査及び確保

Chapter VI Investigation and Securing of the Rehabilitation Debtor's Property

第一節 再生債務者の財産状況の調査

Section 1 Investigation on the Status of the Rehabilitation Debtor's Property

Article 124 (1) The rehabilitation debtor, etc., without delay after the commencement of rehabilitation proceedings (in the case of a trustee, after assuming office), shall evaluate the value of any and all property that belongs to the rehabilitation debtor as of the time of commencement of rehabilitation proceedings.

(2) The rehabilitation debtor, etc., when he/she has completed the evaluation under the provision of the preceding paragraph, shall immediately prepare an inventory of assets and balance sheets as of the time of commencement of rehabilitation proceedings and submit these to the court.

３ 裁判所は、必要があると認めるときは、利害関係人の申立てにより又は職権で、評価人を選任し、再生債務者の財産の評価を命ずることができる。

(3) The court, when it finds it necessary, upon the petition of an interested person or by its own authority, may appoint a valuator and order him/her to valuate the rehabilitation debtor's property.

Article 125 (1) The rehabilitation debtor, etc., without delay after the commencement of rehabilitation proceedings (in the case of a trustee, after assuming office), shall submit to the court a written report stating the following matters:

一 再生手続開始に至った事情

(i) The circumstances that have resulted in the commencement of rehabilitation proceedings

二 再生債務者の業務及び財産に関する経過及び現状

(ii) The past and existing status of the rehabilitation debtor's business and property

三 第百四十二条第一項の規定による保全処分又は第百四十三条第一項の規定による査定の裁判を必要とする事情の有無

(iii) Whether or not there are circumstances that require a temporary restraining order under the provision of Article 142 (1) or assessment decision under the provision of Article 143 (1)

(2) In addition to what is prescribed in the preceding paragraph, the rehabilitation debtor, etc., as provided for by the court, shall report to the court the status of the administration of the rehabilitation debtor's business and property and any other matters as ordered by the court.

３ 監督委員は、裁判所の定めるところにより、再生債務者の業務及び財産の管理状況その他裁判所の命ずる事項を裁判所に報告しなければならない。

(3) A supervisor, as provided for by the court, shall report to the court the status of the administration of the rehabilitation debtor's business and property and any other matters as ordered by the court.

Article 126 (1) At a creditors meeting convoked to report the status of the rehabilitation debtor's property, the rehabilitation debtor, etc. shall report the gist of the matters listed in the items of paragraph (1) of the preceding Article.

(2) At the creditors meeting set forth in the preceding paragraph (referred to as a "meeting for reporting the status of property"), the court shall hear opinions of the rehabilitation debtor, a trustee or holders of filed rehabilitation claims with regard to the appointment of a trustee as well as the matters concerning the administration of the rehabilitation debtor's business and property.

３ 財産状況報告集会においては、労働組合等は、前項に規定する事項について意見を述べることができる。

(3) At a meeting for reporting the status of property, the labor union, etc. may state its opinions with regard to the matters prescribed in the preceding paragraph.

Article 127 (1) The following acts (excluding acts concerning the provision of security or extinguishment of debt) may be avoided in the interest of the rehabilitation debtor's assets after the commencement of rehabilitation proceedings:

(i) An act conducted by the rehabilitation debtor while knowing that it would prejudice rehabilitation creditors; provided, however, that this shall not apply where the person who has benefited from said act did not know, at the time of the act, the fact that it would prejudice any rehabilitation creditor.

(ii) An act that would prejudice rehabilitation creditors conducted by the rehabilitation debtor after suspension of payments or filing of a petition for commencement of rehabilitation proceedings, commencement of bankruptcy proceedings or commencement of special liquidation (hereinafter referred to as "suspension of payments, etc." in this Section) took place; provided, however, that this shall not apply where the person who has benefited from said act did not know, at the time of the act, the fact that suspension of payments, etc. had taken place nor the fact that the act would prejudice any rehabilitation creditor.

(2) With respect to an act concerning the extinguishment of debt conducted by the rehabilitation debtor, if the value of the performance received by the creditor exceeds the amount of the debt extinguished by said act, and said act satisfies any of the requirements listed in the items of the preceding paragraph, such act may be avoided in the interest of the rehabilitation debtor's assets after the commencement of rehabilitation proceedings only with regard to the part other than the part equivalent to the amount of the debt extinguished.

(3) Any gratuitous act, or any onerous act that should be deemed to be equal to such an act, conducted by the rehabilitation debtor after or within six months prior to suspension of payments, etc. may be avoided in the interest of the rehabilitation debtor's assets after the commencement of rehabilitation proceedings.

（相当の対価を得てした財産の処分行為の否認）

(Avoidance of Acts of Disposing of Property Conducted While Receiving Reasonable Value)

Article 127-2 (1) When the rehabilitation debtor, after conducting an act of disposing of his/her property, has received a reasonable value from the other party to said act, the act may be avoided in the interest of the rehabilitation debtor's assets after the commencement of rehabilitation proceedings, if it satisfies all of the following requirements:

(i) The act has the actual risk that the rehabilitation debtor would conceal, gratuitously convey or otherwise dispose of the property in a manner prejudicial to rehabilitation creditors (hereinafter referred to as "concealment or other disposition" in this Article and Article 132-2 (2) and (3)) by realizing real property or otherwise changing the type of property by way of such disposition.

二 再生債務者が、当該行為の当時、対価として取得した金銭その他の財産について、隠匿等の処分をする意思を有していたこと。

(ii) The rehabilitation debtor, at the time of the act, had the intention of conducting concealment or other disposition of the money or any other property that he/she received as a value for the act.

三 相手方が、当該行為の当時、再生債務者が前号の隠匿等の処分をする意思を有していたことを知っていたこと。

(iii) The other party, at the time of the act, knew that the rehabilitation debtor had the intention of conducting concealment or other disposition set forth in the preceding item.

(2) For the purpose of application of the provision of the preceding paragraph, if the other party to the act in question is any of the following persons, the other party shall be presumed to have known, at the time of the act, that the rehabilitation debtor had the intention of conducting concealment or other disposition set forth in item (ii) of said paragraph:

一 再生債務者が法人である場合のその理事、取締役、執行役、監事、監査役、清算人又はこれらに準ずる者

(i) In cases where the rehabilitation debtor is a juridical person, its director, executive officer, inspector, auditor, liquidator or any other person equivalent thereto

二 再生債務者が法人である場合にその再生債務者について次のイからハまでに掲げる者のいずれかに該当する者

(ii) In cases where the rehabilitation debtor is a juridical person, a person who falls under any of the categories of persons listed in (a) to (c) below in relation to the rehabilitation debtor:

イ 再生債務者である株式会社の総株主の議決権の過半数を有する者

(a) In cases where the rehabilitation debtor is a stock company, a person who holds the majority of voting rights of all shareholders of the rehabilitation debtor

ロ 再生債務者である株式会社の総株主の議決権の過半数を子株式会社又は親法人及び子株式会社が有する場合における当該親法人

(b) In cases where the rehabilitation debtor is a stock company, and the majority of voting rights of all shareholders of the rehabilitation debtor are held independently by a subsidiary stock company of a parent juridical person or jointly by a parent juridical person and its subsidiary stock company, the parent juridical person

ハ 株式会社以外の法人が再生債務者である場合におけるイ又はロに掲げる者に準ずる者

(c) In cases where the rehabilitation debtor is a juridical person other than a stock company, a person equivalent to those set forth in (a) or (b)

三 再生債務者の親族又は同居者

(iii) The rehabilitation debtor's relative or a person living together with the rehabilitation debtor

Article 127-3 (1) The following acts (limited to acts concerning the provision of security or extinguishment of debt conducted with regard to an existing debt) may be avoided in the interest of the rehabilitation debtor's assets after the commencement of rehabilitation proceedings:

(i) An act conducted by the rehabilitation debtor after he/she became unable to pay debts or a petition for commencement of rehabilitation proceedings, commencement of bankruptcy proceedings or commencement of special liquidation was filed (hereinafter referred to as the "filing of a petition for commencement of rehabilitation proceedings, etc." in this Section); provided, however, that this shall apply only where the creditor, at the time of the act, knew either of the facts set forth in (a) or (b) below for the cases listed in (a) or (b), respectively:

イ 当該行為が支払不能になった後にされたものである場合 支払不能であったこと又は支払の停止があったこと。

(a) Where the act was conducted after the rehabilitation debtor became unable to pay debts: The fact that the rehabilitation debtor was unable to pay debts or suspended payments

ロ 当該行為が再生手続開始の申立て等があった後にされたものである場合 再生手続開始の申立て等があったこと。

(b) Where the act was conducted after a petition for commencement of rehabilitation proceedings, etc. was filed: The fact that a petition for commencement of rehabilitation proceedings, etc. was filed

(ii) An act that is not included in the scope of the rehabilitation debtor's obligation in terms of the act itself or the time of performance of the act, which was conducted within 30 days before the rehabilitation debtor became unable to pay debts; provided, however, that this shall not apply if the creditor did not know, at the time of the act, the fact that it would prejudice other rehabilitation creditors.

(2) For the purpose of application of the provision of item (i) of the preceding paragraph, in the following cases, the creditor shall be presumed to have known, at the time of the act set forth in said item, either of the facts set forth in (a) or (b) below for the cases listed in (a) or (b), respectively (in the case set forth in(a) of said item, both the facts that the rehabilitation debtor was unable to pay debts and that the rehabilitation debtor suspended payments):

一 債権者が前条第二項各号に掲げる者のいずれかである場合

(i) Where the creditor is any of the persons listed in the items of paragraph (2) of the preceding Article

二 前項第一号に掲げる行為が再生債務者の義務に属せず、又はその方法若しくは時期が再生債務者の義務に属しないものである場合

(ii) Where the act set forth in item (i) of the preceding paragraph is not included in the scope of the rehabilitation debtor's obligation in terms of the act itself or the method or time of performance of the act

(3) For the purpose of application of the provisions of the items of paragraph (1), after suspension of payments took place (limited to suspension that took place within one year prior to the filing of a petition for commencement of rehabilitation proceedings, etc.), the rehabilitation debtor shall be presumed to have been unable to pay debts.

Article 128 (1) The provision of paragraph (1)(i) of the preceding Article shall not apply where a person who has received payment of a negotiable instrument from the rehabilitation debtor would lose his/her right on the negotiable instrument against one or more debtors on the negotiable instrument unless he/she receives such payment.

(2) In the case referred to in the preceding paragraph, if the final obligor for redemption or the person who had entrusted the drawing of the negotiable instrument knew or was negligent in not knowing, at the time of drawing, the fact that suspension of payments, etc. had taken place, a supervisor empowered to exercise a right of avoidance under the provision of Article 56 (1) (hereinafter referred to as a "supervisor empowered to avoid") or a trustee may have these persons redeem the money paid by the rehabilitation debtor to them.

(3) The provision of paragraph (1) of the preceding Article shall not apply to any act concerning the provision of security or extinguishment of debt, which is conducted by the rehabilitation debtor with regard to a claim for a fine, etc. arising prior to the commencement of rehabilitation proceedings for the person who has the power to collect the claim.

Article 129 (1) Where an act necessary for duly asserting the establishment, transfer or modification of a right against a third party (including a provisional registration) was conducted after suspension of payments, etc. took place, such act may be avoided if it was conducted after 15 days had elapsed since the date of establishment, transfer or modification of the right, while knowing that suspension of payments, etc. had taken place; provided, however, that this shall not apply to a definitive registration based on prior unavoidable provisional registration.

２ 前項の規定は、権利取得の効力を生ずる登録について準用する。

(2) The provision of the preceding paragraph shall apply mutatis mutandis to a registration based on which the acquisition of a right shall become effective.

Article 131 Any act conducted not less than one year before the date of filing of a petition for commencement of rehabilitation proceedings, etc. (excluding the act prescribed in Article 127 (3)) may not be avoided by reason that the act was conducted after suspension of payments had taken place or while knowing the fact of suspension of payments.

（否認権行使の効果）

(Effect of the Exercise of Right of Avoidance)

第百三十二条 否認権の行使は、再生債務者財産を原状に復させる。

Article 132 (1) The exercise of a right of avoidance shall restore the rehabilitation debtor's assets to its original state.

(2) Where an act prescribed in Article 127 (3) is avoided, if the other party did not know, at the time of the act, the fact that suspension of payments, etc. had taken place nor the fact that the act would prejudice any rehabilitation creditor, it shall be sufficient for the other party to return the actual enrichment that he/she enjoys.

（再生債務者の受けた反対給付に関する相手方の権利等）

(Rights Held by the Other Party over Counter-Performance Received by the Rehabilitation Debtor, etc.)

Article 132-2 (1) When an act prescribed in Article 127 (1) or (3) or Article 127-2 (1) is avoided, the other party may exercise a right set forth in each of the following items for the categories listed in the respective items:

一 再生債務者の受けた反対給付が再生債務者財産中に現存する場合 当該反対給付の返還を請求する権利

(i) Where the counter-performance received by the rehabilitation debtor actually exists within the rehabilitation debtor's assets: A right to claim return of the counter-performance

二 再生債務者の受けた反対給付が再生債務者財産中に現存しない場合 共益債権者として反対給付の価額の償還を請求する権利

(ii) Where the counter-performance received by the rehabilitation debtor does not actually exist within the rehabilitation debtor's assets: A right to claim, as a holder of common benefit claim, reimbursement of the value of the counter-performance

(2) Notwithstanding the provision of item (ii) of the preceding paragraph, in the cases listed in said item, if the rehabilitation debtor, at the time of the act in question, had the intention of conducting concealment or other disposition of the property that he/she received as a value for the act and the other party knew that the rehabilitation debtor had such intention, the other party may exercise a right set forth in each of the following items for the cases listed in the respective items:

一 再生債務者の受けた反対給付によって生じた利益の全部が再生債務者財産中に現存する場合 共益債権者としてその現存利益の返還を請求する権利

(i) Where the enrichment arising from the counter-performance received by the rehabilitation debtor actually exists in whole within the rehabilitation debtor's assets: A right to claim, as a holder of common benefit claim, return of the actual enrichment

二 再生債務者の受けた反対給付によって生じた利益が再生債務者財産中に現存しない場合 再生債権者として反対給付の価額の償還を請求する権利

(ii) Where the enrichment arising from the counter-performance received by the rehabilitation debtor does not actually exist within the rehabilitation debtor's assets: A right to claim, as a rehabilitation creditor, reimbursement of the value of the counter-performance

(iii) Where the enrichment arising from the counter-performance received by the rehabilitation debtor actually exists in part within the rehabilitation debtor's assets: A right to claim, as a holder of common benefit claim, return of the actual enrichment, and a right to claim, as a rehabilitation creditor, reimbursement of any difference between the counter-performance and the actual enrichment

(3) For the purpose of application of the provision of the preceding paragraph, if the other party to the act in question is any of the persons listed in the items of Article 127-2 (2), the other party shall be presumed to have known, at the time of the act, that the rehabilitation debtor had the intention of conducting concealment or other disposition set forth in the preceding paragraph.

(4) A supervisor empowered to avoid or a trustee, when he/she intends to avoid an act prescribed in Article 127 (1) or (3) or Article 127-2 (1), in lieu of requesting return of the property that should be returned to the rehabilitation debtor's assets pursuant to the provision of paragraph (1) of the preceding Article, may request the other party to reimburse the amount obtained by deducting the amount that shall be included in the scope of common benefit claims pursuant to the provisions of the preceding three paragraphs (in the case set forth in paragraph (1)(i), the value of the counter-performance received by the rehabilitation debtor) from the value of said property to be returned.

Article 133 Where an act prescribed in Article 127-3 (1) is avoided, if the other party returns the performance that he/she has received or reimburses the value of such performance, this shall restore the other party's claim to its original state.

（転得者に対する否認権）

(Right of Avoidance against Subsequent Acquirers)

第百三十四条 次に掲げる場合には、否認権は、転得者に対しても、行使することができる。

Article 134 (1) In the following cases, a right of avoidance may also be exercised against any subsequent acquirers:

一 転得者が転得の当時、それぞれその前者に対する否認の原因のあることを知っていたとき。

(i) Where the subsequent acquirers knew, at the time of acquisition, that there were grounds for avoidance against their predecessors.

(ii) Where each of the subsequent acquirers is any of the persons listed in the items of Article 127-2 (2); provided, however, that this shall not apply if the subsequent acquirers did not know, at the time of acquisition, that there were grounds for avoidance against their predecessors.

三 転得者が無償行為又はこれと同視すべき有償行為によって転得した場合において、それぞれその前者に対して否認の原因があるとき。

(iii) Where the subsequent acquirers acquired the subject matter by any gratuitous act or by any onerous act that should be deemed to be equal to such an act, and there were grounds for avoidance against their predecessors.

２ 第百三十二条第二項の規定は、前項第三号の規定により否認権の行使があった場合について準用する。

(2) The provision of Article 132 (2) shall apply mutatis mutandis where a right of avoidance is exercised pursuant to the provision of item (iii) of the preceding paragraph.

Article 134-2 (1) The court, when it finds it necessary in order to secure a right of avoidance during the period after a petition for commencement of rehabilitation proceedings is filed until an order on said petition is made, upon the petition of an interested person (or a provisional administrator if any provisional administrator is appointed) or by its own authority, may issue an order of provisional seizure or provisional disposition or any other necessary temporary restraining order.

２ 前項の規定による保全処分は、担保を立てさせて、又は立てさせないで命ずることができる。

(2) The temporary restraining order under the provision of the preceding paragraph may be issued while requiring or not requiring the provision of security.

３ 裁判所は、申立てにより又は職権で、第一項の規定による保全処分を変更し、又は取り消すことができる。

(3) The court, upon petition or by its own authority, may change or revoke a temporary restraining order issued under the provision of paragraph (1).

４ 第一項の規定による保全処分及び前項の申立てについての裁判に対しては、即時抗告をすることができる。

(4) An immediate appeal may be filed against a temporary restraining order issued under the provision of paragraph (1) and a judicial decision on the petition set forth in the preceding paragraph.

５ 前項の即時抗告は、執行停止の効力を有しない。

(5) The immediate appeal set forth in the preceding paragraph shall not have the effect of stay of execution.

(6) Where a judicial decision prescribed in paragraph (4) and a judicial decision on the immediate appeal set forth in said paragraph are made, the written decisions shall be served upon the parties concerned. In this case, the provision of the main clause of Article 10 (3) shall not apply.

７ 前各項の規定は、再生手続開始の申立てを棄却する決定に対して第三十六条第一項の即時抗告があった場合について準用する。

(7) The provisions of the preceding paragraphs shall apply mutatis mutandis where an immediate appeal set forth in Article 36 (1) is filed against an order to dismiss with prejudice on the merits a petition for commencement of rehabilitation proceedings.

（保全処分に係る手続の続行と担保の取扱い）

(Continuation of Procedure Pertaining to Temporary Restraining Order and Treatment of Security)

Article 134-3 (1) Where a temporary restraining order under the provision of paragraph (1) of the preceding Article (including cases where applied mutatis mutandis pursuant to paragraph (7) of said Article) is issued, if an order of commencement of rehabilitation proceedings is made, a supervisor empowered to avoid or a trustee may continue the procedure pertaining to the temporary restraining order.

２ 再生手続開始の決定後一月以内に前項の規定により同項の保全処分に係る手続が続行されないときは、当該保全処分は、その効力を失う。

(2) If the procedure pertaining to a temporary restraining order set forth in the preceding paragraph is not continued pursuant to the provision of said paragraph, the temporary restraining order shall cease to be effective.

(3) Where a supervisor empowered to avoid or a trustee intends to continue the procedure pertaining to a temporary restraining order set forth in paragraph (1) pursuant to the provision of said paragraph, if the whole or part of the security prescribed in paragraph (2) of the preceding Article (including cases where applied mutatis mutandis pursuant to paragraph (7) of said Article) does not belong to the rehabilitation debtor's assets, he/she shall substitute, for the whole or part of such security, another security by way of property that belongs to the rehabilitation debtor's assets.

(4) The provisions of Article 18 of the Civil Preservation Act (Act No. 91 of 1989) and Chapter II, Section 4 (excluding Article 37 (5) to (7)) and Section 5 of said Act shall apply mutatis mutandis to a temporary restraining order for the procedure to be continued by a supervisor empowered to avoid or a trustee pursuant to the provision of paragraph (1).

（否認権の行使）

(Exercise of Right of Avoidance)

第百三十五条 否認権は、訴え又は否認の請求によって、否認権限を有する監督委員又は管財人が行う。

Article 135 (1) A right of avoidance shall be exercised by a supervisor empowered to avoid or a trustee by filing an action or making a request for avoidance.

２ 前項の訴え及び否認の請求事件は、再生裁判所が管轄する。

(2) Cases of the action and request for avoidance set forth in the preceding paragraph shall be subject to the jurisdiction of the rehabilitation court.

３ 第一項に規定する方法によるほか、管財人は、抗弁によっても、否認権を行うことができる。

(3) In addition to the methods prescribed in paragraph (1), a trustee may also exercise a right of avoidance by raising a defense.

（否認の請求）

(Request for Avoidance)

第百三十六条 否認の請求をするときは、その原因となる事実を疎明しなければならない。

Article 136 (1) When making a request for avoidance, the requester shall make a prima facie showing of the fact constituting the grounds for avoidance.

２ 否認の請求を認容し、又はこれを棄却する裁判は、理由を付した決定でしなければならない。

(2) A judicial decision to uphold a request for avoidance or dismiss it with prejudice on the merits shall be made by an order with reasons attached thereto.

３ 裁判所は、前項の決定をする場合には、相手方又は転得者を審尋しなければならない。

(3) The court, when making an order set forth in the preceding paragraph, shall interrogate the other party or any subsequent acquirers.

(4) Where an order upholding a request for avoidance is made, the judicial order shall be served upon the parties concerned. In this case, the provision of the main clause of Article 10 (3) shall not apply.

５ 否認の請求の手続は、再生手続が終了したときは、終了する。

(5) The proceedings for a request for avoidance shall be closed upon the close of rehabilitation proceedings.

（否認の請求を認容する決定に対する異議の訴え）

(Action Against Order Upholding Request for Avoidance)

第百三十七条 否認の請求を認容する決定に不服がある者は、その送達を受けた日から一月の不変期間内に、異議の訴えを提起することができる。

Article 137 (1) A person who disagrees with an order upholding a request for avoidance may file an action to oppose within an unextendable period of one month after the day on which the person received the service of the order.

２ 前項の訴えは、再生裁判所が管轄する。

(2) The action set forth in the preceding paragraph shall be subject to the jurisdiction of the rehabilitation court.

３ 第一項の訴えについての判決においては、訴えを不適法として却下する場合を除き、同項の決定を認可し、変更し、又は取り消す。

(3) A judgment rendered with regard to the action set forth in paragraph (1), except where the action is dismissed as unlawful without prejudice, shall approve, change or revoke the order set forth in said paragraph.

(4) When a judgment approving an order made under paragraph (1) becomes final and binding, the order shall have the same effect as a final and binding judgment. The same shall apply if the action set forth in the preceding paragraph is not filed within the period prescribed in said paragraph or is dismissed without prejudice.

(5) With regard to a judgment to approve or change the order set forth in paragraph (1), the court in charge of the case, as provided for by Article 259 (1) of the Code of Civil Procedure, may declare provisional execution.

(6) The action set forth in paragraph (1) in which a supervisor empowered to avoid stands as a party shall be concluded if rehabilitation proceedings are closed as a result of an order of revocation of the order of commencement of rehabilitation proceedings becoming final and binding or an order of termination of rehabilitation proceedings being made, and shall be discontinued if rehabilitation proceedings are closed as a result of an order of disconfirmation of the rehabilitation plan, order of discontinuance of rehabilitation proceedings or order of revocation of the rehabilitation plan becoming final and binding.

(7) The action set forth in paragraph (1) in which a trustee stands as a party, notwithstanding the provision of Article 68 (2), shall be concluded if rehabilitation proceedings are closed as a result of an order of revocation of the order of commencement of rehabilitation proceedings becoming final and binding or an order of termination of rehabilitation proceedings being made.

Article 138 (1) Notwithstanding the provision of Article 135 (1), a supervisor empowered to avoid, if an action is pending between the other party against whom he/she may exercise a right of avoidance (hereinafter referred to as the "other party" in this Article) and the rehabilitation debtor, may intervene in the action as a party thereto, designating the other party as a defendant, in order to exercise the right of avoidance; provided, however, that this shall apply only where he/she makes a claim pertaining to the right or obligation that is the subject matter of the action.

(2) Where an action of avoidance in which a supervisor empowered to avoid stands as a party (including the action set forth in paragraph (1) of the preceding Article and action taken over under the provision of Article 140 (1)) is pending, the rehabilitation debtor may intervene in the action as a party thereto, designating the other party as a defendant, in order to make a claim pertaining to the right or obligation that is the subject matter of the action.

(3) In the case prescribed in the preceding paragraph, the other party, until the conclusion of the oral argument of the action in question, may file another action pertaining to the right or obligation that is the subject matter of said action, designating the rehabilitation debtor as a defendant, by consolidating these actions.

(4) The provisions of Article 40 (1) to (3) of the Code of Civil Procedure shall apply mutatis mutandis to the cases referred to in the preceding three paragraphs, and the provisions of Article 43 and Article 47 (2) and (3) of said Code shall apply to an application for intervention.

Article 139 A right of avoidance may not be exercised if two years have elapsed since the date of commencement of rehabilitation proceedings (in cases where bankruptcy proceedings have been commenced prior to the date of commencement of rehabilitation proceedings, this period shall start from the date of commencement of bankruptcy proceedings). The same shall apply where 20 years have elapsed since the date of the act to be avoided.

Article 140 (1) A supervisor empowered to avoid or a trustee may take over the action discontinued pursuant to the provision of Article 40-2 (1), which is filed by a rehabilitation creditor pursuant to the provision of Article 424 of the Civil Code or action of avoidance or action of objection to an order upholding a request for avoidance under the provisions of the Bankruptcy Act. In this case, a petition for taking over of action may also be filed by the opponent.

２ 前項の場合においては、相手方の再生債権者又は破産管財人に対する訴訟費用請求権は、共益債権とする。

(2) In the case referred to in the preceding paragraph, the opponent's claim for court costs against the rehabilitation creditor or a bankruptcy trustee shall be a common benefit claim.

(3) If the rehabilitation proceedings are closed after the action prescribed in paragraph (1) was taken over under the provision of said paragraph, the action shall be discontinued except where it has been discontinued pursuant to the provision of paragraph (1) of the following Article.

(4) In the case referred to in the preceding paragraph or cases where rehabilitation proceedings are closed after the action prescribed in paragraph (1) was discontinued pursuant to the provision of paragraph (1) of the following Article, the rehabilitation creditor or a bankruptcy trustee shall take over the action. In this case, a petition for taking over of action may also be filed by the opponent.

（否認の訴え等の中断及び受継）

(Discontinuation and Taking Over of Action of Avoidance, etc.)

第百四十一条 次の各号に掲げる裁判が取り消された場合には、当該各号に定める訴訟手続は、中断する。

Article 141 (1) Where any of the judicial decisions listed in the following items is revoked, the action specified in the respective items shall be discontinued:

(i) A supervision order or a judicial decision under the provision of Article 56 (1): Action of avoidance or an action set forth in Article 137 (1) in which a supervisor empowered to avoid stands as a party, court proceedings in which a supervisor empowered to avoid has intervened under the provision of Article 138 (1), or action prescribed in paragraph (1) of the preceding Article which has been taken over by a supervisor empowered to avoid

二 管理命令 管財人が当事者である第百三十七条第一項の訴えに係る訴訟手続又は管財人が受継した前条第一項に規定する訴訟手続

(ii) An administration order: Action set forth in Article 137 (1) in which a trustee stands as a party or action prescribed in paragraph (1) of the preceding Article taken over by a trustee

(2) Where, after an action is discontinued pursuant to the provision of the preceding paragraph, a supervisor is empowered to exercise a right of avoidance pursuant to the provision of Article 56 (1) or a trustee is appointed, such supervisor or trustee shall take over the action. In this case, a petition for taking over of action may also be filed by the opponent.

Article 142 (1) Where an order of commencement of rehabilitation proceedings is made against the rehabilitation debtor who is a juridical person, the court, when it finds it necessary, upon the petition of the rehabilitation debtor, etc. or by its own authority, with regard to a claim for damages based on the liabilities of the rehabilitation debtor's director, executive officer, inspector, auditor, liquidator or any other person equivalent thereto (hereinafter referred to as "officer" in this Article to Article 145), may issue a temporary restraining order upon the property of these officers.

(2) The court, when it finds urgent necessity even before making a petition for commencement of rehabilitation proceedings, upon the petition of the rehabilitation debtor, etc. (or a provisional administrator if any provisional administrator is appointed) or by its own authority, may issue a temporary restraining order under the provision of the preceding paragraph.

(3) If no trustee is appointed in the case prescribed in paragraph (1) or if no provisional administrator is appointed in the case prescribed in the preceding paragraph, a rehabilitation creditor may also file a petition set forth in paragraph (1) or the preceding paragraph.

４ 裁判所は、第一項又は第二項の規定による保全処分を変更し、又は取り消すことができる。

(4) The court may change or revoke a temporary restraining order issued under the provisions of paragraph (1) or paragraph (2)

５ 第一項若しくは第二項の規定による保全処分又は前項の規定による決定に対しては、即時抗告をすることができる。

(5) An immediate appeal may be filed against a temporary restraining order issued under the provisions of paragraph (1) or paragraph (2) and an order made under the provision of the preceding paragraph.

６ 前項の即時抗告は、執行停止の効力を有しない。

(6) The immediate appeal set forth in the preceding paragraph shall not have the effect of stay of execution.

(7) Where a judicial decision prescribed in paragraph (5) and a judicial decision on the immediate appeal set forth in said paragraph are made, the written decisions shall be served upon the parties concerned. In this case, the provision of the main clause of Article 10 (3) shall not apply.

Article 143 (1) Where an order of commencement of rehabilitation proceedings is made against the rehabilitation debtor who is a juridical person, the court, when it finds it necessary, upon the petition of the rehabilitation debtor, etc. or by its own authority, may make an assessment decision on a claim for damages based on its officer's liability.

２ 前項に規定する場合において、管財人が選任されていないときは、再生債権者も、同項の申立てをすることができる。

(2) In the case prescribed in the preceding paragraph, if no trustee is appointed, a rehabilitation creditor may also file a petition set forth in said paragraph.

３ 第一項の申立てをするときは、その原因となる事実を疎明しなければならない。

(3) When filing the petition set forth in preceding paragraph (1), the petitioner shall make a prima facie showing of the fact constituting the cause of liability.

４ 裁判所は、職権で査定の手続を開始する場合には、その旨の決定をしなければならない。

(4) Where the court commences proceedings for assessment by its own authority, it shall make an order to that effect.

５ 第一項の申立てがあったとき、又は職権による査定の手続の開始決定があったときは、時効の中断に関しては、裁判上の請求があったものとみなす。

(5) When a petition set forth in paragraph (1) is filed or an order of commencement of proceedings for assessment by the court's own authority is made, for the purpose of interruption of prescription, it shall be deemed that demand by litigation is made.

６ 査定の手続（第一項の査定の裁判があった後のものを除く。）は、再生手続が終了したときは、終了する。

(6) The proceedings for assessment (excluding those initiated after an assessment decision set forth in paragraph (1) is made) shall be closed upon the close of rehabilitation proceedings.

（損害賠償請求権の査定に関する裁判）

(Judicial Decision on Assessment of Claim for Damages)

第百四十四条 前条第一項の査定の裁判及び同項の申立てを棄却する裁判は、理由を付した決定でしなければならない。

Article 144 (1) An assessment decision set forth in paragraph (1) of the preceding Article and a judicial decision to dismiss with prejudice on the merits the petition set forth in said paragraph shall be made by an order stating reasons therefor.

２ 裁判所は、前項の決定をする場合には、役員を審尋しなければならない。

(2) The court, when making an order set forth in the preceding paragraph, shall interrogate the officer in question.

(3) Where an assessment decision set forth in paragraph (1) of the preceding Article is made, the written decision shall be served upon the parties concerned. In this case, the provision of the main clause of Article 10 (3) shall not apply.

（査定の裁判に対する異議の訴え）

(Action Against Assessment Decision)

第百四十五条 第百四十三条第一項の査定の裁判に不服がある者は、その送達を受けた日から一月の不変期間内に、異議の訴えを提起することができる。

Article 145 (1) A person who disagrees with an assessment decision set forth in Article 143 (1) may file an action to oppose within an unextendable period of one month after the day on which the person received the service of the decision.

２ 前項の訴えは、再生裁判所が管轄する。

(2) The action set forth in the preceding paragraph shall be subject to the jurisdiction of the rehabilitation court.

(3) In an action set forth in paragraph (1) (excluding an action set forth in the following paragraph), the person who has filed a petition set forth in Article 143 (1) shall stand as a defendant if the action is filed by the officer in question, and the officer in question shall stand as a defendant if it is filed by the person who has filed a petition set forth in Article 143 (1).

(4) In an action set forth in paragraph (1) against an assessment decision made by the court's own authority, the rehabilitation debtor, etc. shall stand as a defendant if the action is filed by the officer in question, and the officer in question shall stand as a defendant if it is filed by the rehabilitation debtor, etc.

第百四十六条 前条第一項の訴えの口頭弁論は、同項の期間を経過した後でなければ開始することができない。

Article 146 (1) Oral argument for an action set forth in paragraph (1) of the preceding Article may not be commenced until the period set forth in said paragraph has expired.

(2) If two or more actions set forth in paragraph (1) of the preceding Article are pending concurrently, oral arguments and judicial decisions of these actions shall be made in a consolidated manner. In this case, the provisions of Article 40 (1) to (3) of the Code of Civil Procedure shall apply mutatis mutandis.

３ 前条第一項の訴えについての判決においては、訴えを不適法として却下する場合を除き、査定の裁判を認可し、変更し、又は取り消す。

(3) A judgment rendered with regard to an action set forth in paragraph (1) of the preceding Article, except where the action is dismissed as unlawful without prejudice, shall approve or change the assessment decision.

４ 査定の裁判を認可し、又は変更した判決は、強制執行に関しては、給付を命ずる判決と同一の効力を有する。

(4) A judgment that approves or changes an assessment decision, for the purpose of compulsory execution, shall have the same effect as a judgment to order performance.

(5) With regard to a judgment that approves or changes an assessment decision, the court in charge of the case, as provided for by Article 259 (1) of the Code of Civil Procedure, may declare provisional execution.

(6) When rehabilitation proceedings are closed, the action set forth in paragraph (1) of the preceding Article in which the rehabilitation debtor, etc. does not stand as a party shall be discontinued. In this case, the provision of Article 68 (3) shall apply mutatis mutandis.

Article 147 If an action set forth in Article 145 (1) is not filed within the period set forth in said paragraph or is dismissed without prejudice, the assessment decision shall have the same effect as a final and binding judgment to order performance.

Article 148 (1) Where there exist any security interests prescribed in Article 53 (1) (hereinafter referred to as "security interest" in this Article, the following Article, and Article 152), at the time of commencement of rehabilitation proceedings, against the rehabilitation debtor's property, if said property is indispensable for the continuation of the rehabilitation debtor's business, the rehabilitation debtor, etc. may file a petition to the court for permission for causing all security interests that exist on said property to be extinguished by paying to the court the amount of money equivalent to the value of said property.

２ 前項の許可の申立ては、次に掲げる事項を記載した書面でしなければならない。

(2) The petition set forth in the preceding paragraph shall be filed by means of a document stating the following matters:

一 担保権の目的である財産の表示

(i) The indication of the property that is the subject matter of the security interest(s)

二 前号の財産の価額

(ii) The value of the property set forth in the preceding item

三 消滅すべき担保権の表示

(iii) The indication of the security interest(s) to be extinguished

四 前号の担保権によって担保される債権の額

(iv) The amount of claim secured by the security interest(s) set forth in the preceding item

(3) Where an order of permission set forth in paragraph (1) is made, the written order shall be served, with the document set forth in the preceding paragraph (hereinafter referred to as a "written petition" in this Article and the following Article), upon the person(s) who hold the security interest(s) set forth in item (iii) of said paragraph as stated in said written petition (hereinafter referred to as the "security interest holder(s)" in this Article to Article 153). In this case, the provision of the main clause of Article 10 (3) shall not apply.

４ 第一項の許可の決定に対しては、担保権者は、即時抗告をすることができる。

(4) A security interest holder may file an immediate appeal against an order of permission made under the provision of paragraph (1).

(5) Where a judicial decision on the immediate appeal set forth in the preceding paragraph is made, the written decision shall be served upon security interest holder(s). In this case, the provision of the main clause of Article 10 (3) shall not apply.

(6) Where the security interest set forth in paragraph (2)(iii) is a revolving mortgage, if two weeks have elapsed since the day on which the revolving mortgagee received the service made under the provision of paragraph (3), the principal to be secured by the revolving mortgage shall be fixed.

(7) The provision of Article 398-20 (2) of the Civil Code shall apply mutatis mutandis where a petition for permission set forth in paragraph (1) is withdrawn or the permission set forth in said paragraph is rescinded.

Article 149 (1) A security interest holder, if he/she has an objection to the value set forth in paragraph (2)(ii) of the preceding Article as stated in the written petition (hereinafter referred to as the "offered price" in Article 151 and Article 152), may make a request, within one month from the day on which he/she received the service of said written petition, for the valuation of the property that is the subject matter of the security interest concerned (hereinafter referred to as the "property" in the following Article).

２ 前条第一項の許可をした裁判所は、やむを得ない事由がある場合に限り、担保権者の申立てにより、前項の期間を伸長することができる。

(2) The court that has granted the permission set forth in paragraph (1) of the preceding Article, only where there is any unavoidable ground, upon the petition of the security interest holder, may extend the period set forth in the preceding paragraph.

３ 第一項の規定による請求（以下この条から第百五十二条までにおいて「価額決定の請求」という。）に係る事件は、再生裁判所が管轄する。

(3) A case pertaining to a request under the provision of paragraph (1) (hereinafter referred to as a "request for valuation" in this Article to Article 152) shall be subject to the jurisdiction of the rehabilitation court.

４ 価額決定の請求をする者は、その請求に係る手続の費用として再生裁判所の定める金額を予納しなければならない。

(4) A person who makes a request for valuation shall prepay an amount designated by the court as expenses for the proceedings for the request.

５ 前項に規定する費用の予納がないときは、再生裁判所は、価額決定の請求を却下しなければならない。

(5) If prepayment of expenses prescribed in the preceding paragraph is not made, the rehabilitation court shall dismiss without prejudice the request for valuation.

（財産の価額の決定）

(Valuation of Property)

第百五十条 価額決定の請求があった場合には、再生裁判所は、当該請求を却下する場合を除き、評価人を選任し、財産の評価を命じなければならない。

Article 150 (1) Where a request for valuation is made, the rehabilitation court, except where it dismisses the request without prejudice, shall appoint a valuator and order him/her to value the property.

２ 前項の場合には、再生裁判所は、評価人の評価に基づき、決定で、財産の価額を定めなければならない。

(2) In the case referred to in the preceding paragraph, the rehabilitation court, by an order, shall valuate the property based on the valuation made by a valuator.

(3) Where there are two or more security interest holders, the order set forth in the preceding paragraph shall be made after the period set forth in paragraph (1) of the preceding Article (in cases where the period has been extended pursuant to the provision of paragraph (2) of said Article, the period as extended; hereinafter referred to as the "period of request" in Article 152 (1)) has expired for all security interest holders. In this case, if two or more cases of requests for valuation are pending concurrently, the judicial decisions of these cases shall be made in a consolidated manner.

４ 第二項の決定は、価額決定の請求をしなかった担保権者に対しても、その効力を有する。

(4) The order set forth in paragraph (2) shall also be effective against a security interest holder who has not made a request for valuation.

５ 価額決定の請求についての決定に対しては、再生債務者等及び担保権者は、即時抗告をすることができる。

(5) The rehabilitation debtor, etc. and any security interest holder may file an immediate appeal against an order on the request for valuation.

(6) Where an order on the request for valuation or a judicial decision on the immediate appeal set forth in said paragraph is made, the written order/decision shall be served upon the rehabilitation debtor, etc. and the security interest holder(s). In this case, the provision of the main clause of Article 10 (3) shall not apply.

Article 151 (1) The expenses incurred for the proceedings for a request for valuation shall be borne by the rehabilitation debtor if the value determined by an order set forth in paragraph (2) of the preceding Article exceeds the offered price, and borne by the person(s) who made a request for valuation if said value does not exceed the offered price; provided, however, that if the amount in excess of the offered price is less than the amount of expenses, the part of the amount of expenses which is equivalent to the amount of excess shall be borne by the rehabilitation debtor, and the remaining part shall be borne by the persons(s) who made a request for valuation.

２ 前条第五項の即時抗告に係る手続に要した費用は、当該即時抗告をした者の負担とする。

(2) The expenses incurred for the proceedings for an immediate appeal set forth in paragraph (5) of the preceding Article shall be borne by the person who filed the immediate appeal.

(3) A person who holds a claim for expenses against the rehabilitation debtor pursuant to the provision of paragraph (1) shall have a right to receive payment of the expenses in preference to other security interest holders from the money paid under the provision of paragraph (1) of the following Article.

(4) In the case referred to in paragraph (4) of the following Article, the expenses set forth in paragraph (1) and paragraph (2), notwithstanding these provisions, shall be borne by the rehabilitation debtor. In this case, a claim for expenses against the rehabilitation debtor shall be a common benefit claim.

Article 152 (1) The rehabilitation debtor, etc. shall pay to the court, by the time limit set by the court, money equivalent to the offered price if no request for valuation is made within the period of request or all requests for valuation are withdrawn or dismissed without prejudice, or shall pay to the court, by said time limit, money equivalent to the value determined by an order set forth in Article 150 (2) if said order becomes final and binding.

２ 担保権者の有する担保権は、前項の規定による金銭の納付があった時に消滅する。

(2) The security interest(s) held by security interest holder(s) shall be extinguished at the time when money is paid under the provision of the preceding paragraph.

３ 第一項の規定による金銭の納付があったときは、裁判所書記官は、消滅した担保権に係る登記又は登録の抹消を嘱託しなければならない。

(3) Where money is paid under the provision of paragraph (1), a court clerk shall commission cancellation of registration(s) of the security interest(s) extinguished.

４ 再生債務者等が第一項の規定による金銭の納付をしないときは、裁判所は、第百四十八条第一項の許可を取り消さなければならない。

(4) If the rehabilitation debtor, etc. fails to pay money under the provision of paragraph (1), the court shall rescind the permission set forth in Article 148 (1).

Article 153 (1) Where payment of money prescribed in paragraph (4) of the preceding Article is made, the court, according to a distribution list, shall implement liquidating distribution to security interest holder(s), except in the case prescribed in the following paragraph.

(2) Where there is only one security interest holder or where there are two or more security interest holders and the money paid pursuant to the provision of paragraph (1) of the preceding Article is sufficient for paying the claims secured by the security interests held by the respective holders and the expenses borne by the rehabilitation debtor pursuant to the provision of Article 151 (1), the court shall prepare a statement of delivery of said money, and deliver payment money to the security interest holder(s) and deliver any surplus to the rehabilitation debtor, etc.

(3) The provisions of Article 85 and Article 88 to Article 92 of the Civil Execution Act (Act No. 4 of 1979) shall apply mutatis mutandis to the procedure for a liquidating distribution set forth in paragraph (1), and the provisions of Article 88, Article 91 and Article 92 of said Act shall apply mutatis mutandis to the procedure for delivery of payment money under the provision of the preceding paragraph.

(2) Where the creditors committee conducts supervision or any other participation in order to secure performance of payment within the payment period specified in a rehabilitation plan, if the rehabilitation debtor bears all or part of the expenses for the committee's supervision or participation, the rehabilitation plan shall specify clauses on such burden of expenses.

(3) Where permission of the court is granted under the provision of Article 166 (1), a rehabilitation plan may specify clauses on the rehabilitation debtor's acquisition of its shares, clauses on consolidation of its shares, clauses on reduction in the amount of its stated capital or clauses on amendment of its articles of incorporation with regard to the total number of shares that may be issued by the rehabilitation debtor, all of which shall be conducted as provided for in a rehabilitation plan.

(4) Where permission of the court is granted under the provision of Article 166-2 (2), a rehabilitation plan may specify clauses on the solicitation (excluding solicitation for which the matters listed in the items of Article 202 (1) of said Act shall be specified; hereinafter the same shall apply in this Chapter) of subscribers for shares for subscription (meaning shares for subscription prescribed in Article 199 (1) of the Companies Act, limited to shares with restriction on transfer; hereinafter the same shall apply in this Chapter).

Article 155 (1) The content of any modification of rights based on a rehabilitation plan shall be equal between rehabilitation creditors; provided, however, that this shall not apply where any rehabilitation creditor who will suffer detriment has given consent or where equity will not be undermined even if the plan otherwise provides for a small rehabilitation claim or any of the claims listed in Article 84 (2) or any other difference in treatment of rehabilitation creditors.

(2) Notwithstanding the provision of the preceding paragraph, in cases where proof of any consensually-subordinated rehabilitation claim is filed, a fair and equitable difference must be provided in the contents of a rehabilitation plan between persons who hold rehabilitation claims (excluding consensually-subordinated rehabilitation claims) and persons who hold consensually-subordinated rehabilitation claims, while taking into consideration the content of an agreement on the order of priority for receiving a liquidating distribution prescribed in Article 35 (4).

(3) If a debt is to be assumed or the term for a debt is to be extended based on a rehabilitation plan, except where there are special circumstances, the rehabilitation plan shall set a term for such debt not exceeding ten years from the time when an order of confirmation of the rehabilitation plan becomes final and binding.

４ 再生手続開始前の罰金等については、再生計画において減免その他権利に影響を及ぼす定めをすることができない。

(4) With regard to claims for fine, etc. arising prior to the commencement of rehabilitation proceedings, a rehabilitation plan may not provide for reduction and release of debts or any other measures that would affect the rights concerned.

Article 156 Clauses for modifying rights of rehabilitation creditors shall provide for general standards for the reduction and release of debts, extension of the term for debts or any other modification of rights (in cases where proof of any consensually-subordinated rehabilitation claim is filed, general standards for consensually-subordinated rehabilitation claims shall be included).

（届出再生債権者等の権利に関する定め）

(Provisions on Rights of Holders of Filed Rehabilitation Claims, etc.)

Article 157 (1) Clauses for modifying rights of rehabilitation creditors shall clearly indicate rights held by holders of filed rehabilitation claims and rehabilitation creditors stated in a written approval or disapproval under the provision of Article 101 (3), which are to be modified, and also provide for the content of rights as modified according to the general standards set forth in the preceding Article; provided, however, that this shall not apply to rehabilitation claims prescribed in Article 159 and Article 160 (1).

２ 前項に規定する再生債権者の権利で、再生計画によってその権利に影響を受けないものがあるときは、その権利を明示しなければならない。

(2) If there is a right held by a holder of filed rehabilitation claim or rehabilitation creditor, both prescribed in the preceding paragraph, which will not be affected by a rehabilitation plan, such right shall be clearly indicated.

Article 158 (1) If a person other than the rehabilitation debtor owes a debt for the purpose of rehabilitation by assuming a debt or becoming a guarantor, a rehabilitation plan shall clearly indicate such person and provide for the content of such debt.

(2) If the rehabilitation debtor or a person other than the rehabilitation debtor provides security for the purpose of rehabilitation, a rehabilitation plan shall clearly indicate such person who provides security and provide for the content of the security interest.

Article 159 If there is a denied/disputed rehabilitation claim for which determination proceedings have not yet been closed, a rehabilitation plan shall provide for appropriate measures for such claim, while taking into consideration the possible outcome of the determination of the rights concerned.

Article 160 (1) If there is a person who holds a rehabilitation claim and the part of the claim for which payment cannot be received by exercising a right of separate satisfaction has not yet been determined, a rehabilitation plan shall provide for appropriate measures for enabling such person to exercise rights as a rehabilitation creditor in cases where such part of the claim is determined.

(2) Where the principal of a revolving mortgage for securing the rehabilitation claim prescribed in the preceding paragraph is fixed, a rehabilitation plan may provide for provisional payment figured by estimate according to the general standards set forth in Article 156 with regard to the part of the claim secured by such revolving mortgage which exceeds the maximum amount. In this case, the rehabilitation plan shall also provide for measures for settlement to be implemented when the part of the claim for which payment cannot be received by exercising the revolving mortgage has been determined.

（再生債務者の株式の取得等に関する定め）

(Provisions on the Rehabilitation Debtor's Acquisition of Its Shares, etc.)

第百六十一条 再生計画によって株式会社である再生債務者が当該再生債務者の株式の取得をするときは、次に掲げる事項を定めなければならない。

Article 161 (1) If the rehabilitation debtor is a stock company and acquires shares of the rehabilitation debtor itself based on a rehabilitation plan, the following matters shall be provided for in the rehabilitation plan:

一 再生債務者が取得する株式の数（種類株式発行会社にあっては、株式の種類及び種類ごとの数）

(i) The number of shares to be acquired by the rehabilitation debtor (in the case of a company with class shares, the classes of shares and the number of shares of each class)

二 再生債務者が前号の株式を取得する日

(ii) The date on which the rehabilitation debtor is to acquire the shares set forth in the preceding item

(2) If the rehabilitation debtor is a stock company and consolidates its shares based on a rehabilitation plan, the matters listed in the items of Article 180 (2) of the Companies Act shall be provided for in the rehabilitation plan.

(3) If the rehabilitation debtor is a stock company and reduces the amount of its stated capital based on a rehabilitation plan, the matters listed in the items of Article 447 (1) of the Companies Act shall be provided for in the rehabilitation plan.

(4) If the rehabilitation debtor is a stock company and amends its articles of incorporation based on a rehabilitation plan with regard to the total number of shares that may be issued by the rehabilitation debtor, the content of such amendment shall be provided for in the rehabilitation plan.

（募集株式を引き受ける者の募集に関する定め）

(Provisions on Solicitation of Subscribers for Shares for Subscription)

Article 162 When the rehabilitation debtor, who is a stock company, intends to solicit subscribers for shares for subscription with permission of the court under the provision of Article 166-2 (2), a rehabilitation plan shall provide for the matters listed in the items of Article 199 (1) of the Companies Act.

第二節 再生計画案の提出

Section 2 Submission of Proposed Rehabilitation Plan

（再生計画案の提出時期）

(Period for Submission of Proposed Rehabilitation Plan)

第百六十三条 再生債務者等は、債権届出期間の満了後裁判所の定める期間内に、再生計画案を作成して裁判所に提出しなければならない。

Article 163 (1) The rehabilitation debtor, etc., within the period specified by the court after the expiration of the period for filing proofs of claims, shall prepare a proposed rehabilitation plan and submit it to the court.

(2) The rehabilitation debtor (limited to cases where a trustee is appointed) or a holder of filed rehabilitation claim may prepare a proposed rehabilitation plan and submit to the court within the period specified by the court.

３ 裁判所は、申立てにより又は職権で、前二項の規定により定めた期間を伸長することができる。

(3) The court, upon petition or by its own authority, may extend the period specified thereby pursuant to the provisions of the preceding two paragraphs.

Article 164 (1) The rehabilitation debtor, etc., notwithstanding the provision of paragraph (1) of the preceding Article, may submit a proposed rehabilitation plan after a petition for commencement of rehabilitation proceedings is filed and before the period for filing proofs of claims expires.

(2) In the case referred to in the preceding paragraph, a proposed rehabilitation plan may be submitted without providing therein for the matters prescribed in Article 157 and Article 159. In this case, the proposed rehabilitation plan shall be supplemented with clauses on these matters within the period specified by the court after the expiration of the period for filing proofs of claims.

Article 165 (1) A person who intends to submit a proposed rehabilitation plan which provides for the owing of a debt or provision of security prescribed in Article 158 shall obtain consent, in advance, from the person who will owe the debt or provide the security.

(2) A person who intends to submit a proposed rehabilitation plan which provides for provisional payment figured by estimate set forth in Article 160 (2) shall obtain consent, in advance, from the person who holds the revolving mortgage pertaining to such provision.

（再生債務者の株式の取得等を定める条項に関する許可）

(Permission Concerning Clauses on the Rehabilitation Debtor's Acquisition of Its Shares, etc.)

第百六十六条 第百五十四条第三項に規定する条項を定めた再生計画案を提出しようとする者は、あらかじめ、裁判所の許可を得なければならない。

Article 166 (1) A person who intends to submit a proposed rehabilitation plan which specifies the clauses prescribed in Article 154 (3) shall obtain permission of the court in advance.

２ 裁判所は、株式会社である再生債務者がその財産をもって債務を完済することができない場合に限り、前項の許可をすることができる。

(2) The court may grant the permission set forth in the preceding paragraph only where the rehabilitation debtor who is a stock company is unable to pay its debts in full with its property.

(3) Where an order of permission set forth in paragraph (1) is made, the written order shall be served upon the person who filed the petition for the permission, and a document stating the gist of the order shall be served upon shareholders, respectively. With regard to the service to shareholders made in this case, the provisions of Article 43 (4) and (5) shall apply mutatis mutandis.

４ 第一項の規定による許可の決定に対しては、株主は、即時抗告をすることができる。

(4) A shareholder may file an immediate appeal against an order of permission under the provision of paragraph (1).

（募集株式を引き受ける者の募集を定める条項に関する許可）

(Permission Concerning Clauses on Solicitation of Subscribers for Shares for Subscription)

第百六十六条の二 第百五十四条第四項に規定する条項を定めた再生計画案は、再生債務者のみが提出することができる。

Article 166-2 (1) A proposed rehabilitation plan which specifies the clauses prescribed in Article 154 (4) may be filed only by the rehabilitation debtor.

２ 再生債務者は、前項の再生計画案を提出しようとするときは、あらかじめ、裁判所の許可を得なければならない。

(2) The rehabilitation debtor, when he/she intends to submit the proposed rehabilitation plan set forth in the preceding paragraph, shall obtain permission of the court in advance.

(3) The court may grant the permission set forth in the preceding paragraph only when it finds that the rehabilitation debtor who is a stock company is unable to pay its debts in full with its property and that the solicitation of subscribers for shares for subscription is indispensable for the continuation of the rehabilitation debtor's business.

４ 前条第三項及び第四項の規定は、第二項の許可の決定があった場合について準用する。

(4) The provisions of paragraph (3) and paragraph (4) of the preceding Article shall apply mutatis mutandis where an order of permission set forth in paragraph (2) is made.

Article 167 The person who has submitted a proposed rehabilitation plan may revise the proposed rehabilitation plan with permission of the court; provided, however, that this shall not apply after an order to refer a proposed rehabilitation plan to a resolution is made.

Article 168 The court shall hear opinions of the labor union, etc. with regard to a proposed rehabilitation plan. The same shall apply to a proposed rehabilitation plan as revised under the provision of the preceding Article.

Article 169 (1) Where a proposed rehabilitation plan is submitted, the court shall make an order to refer the proposed rehabilitation plan to a resolution, except in any of the cases listed in the following items:

一 一般調査期間が終了していないとき。

(i) Where the general period for investigation has not yet expired.

二 財産状況報告集会における再生債務者等による報告又は第百二十五条第一項の報告書の提出がないとき。

(ii) Where no report is made by the rehabilitation debtor, etc. at a meeting for reporting the status of property or no written report set forth in Article 125 (1) is submitted.

三 裁判所が再生計画案について第百七十四条第二項各号（第三号を除く。）に掲げる要件のいずれかに該当するものと認めるとき。

(iii) Where the court finds that the proposed rehabilitation plan satisfies any of the requirements listed in the items of Article 174 (2) (excluding item (iii)).

四 第百九十一条第二号の規定により再生手続を廃止するとき。

(iv) Where the court discontinues rehabilitation proceedings pursuant to the provision of Article 191 (ii).

(2) The court, when making an order to refer to a resolution set forth in the preceding paragraph, shall specify a method available to rehabilitation creditors who may exercise voting rights (hereinafter referred to as "voting right holders") for exercising their voting rights, and set a time limit for giving a notice to the court in the case of diverse exercise of a voting right under the provision of Article 172 (2) (including cases where applied mutatis mutandis pursuant to paragraph (3) of said Article). In this case, any of the following methods shall be designated as the method for exercising a voting right:

一 債権者集会の期日において議決権を行使する方法

(i) The method of exercising a voting right on the date of a creditors meeting

(ii) The method of exercising a voting right by voting by document, etc. (meaning voting by document or any other means specified by the Rules of the Supreme Court) within a period specified by the court

(iii) The method of exercising a voting right by either of the methods listed in the preceding two items as chosen by voting right holders. In this case, the last day of the period set forth in the preceding item shall precede the date of a creditors meeting set forth in item (i).

(3) The court, when it has made an order to refer to a resolution set forth in paragraph (1), shall make a public notice of the time limit prescribed in the first sentence of the preceding paragraph and give a notice of said time limit and the contents of the proposed rehabilitation plan or the gist thereof to the persons prescribed in the main clause of Article 115 (1) (excluding those prescribed in paragraph (2) of said Article).

(4) The court, when it has designated either of the methods set forth in paragraph (2)(ii) or (iii) as the method for exercising a voting right, shall make a public notice to that effect, and shall give a notice to voting right holders that voting by document, etc. prescribed in item (ii) of said paragraph shall be allowed only within a period specified by the court.

(5) Where the court has designated the method set forth in paragraph (2)(ii) as the method for exercising a voting right, if a person who may file a petition set forth in the first sentence of Article 114 has filed, within the period set forth in the preceding paragraph, a petition for convocation of a creditors meeting aimed for adopting a resolution on a proposed rehabilitation plan, the court shall rescind the designation of the method for exercising a voting right, and designate the method set forth in paragraph (2)(i) or (iii) instead.

Article 169-2 (1) A person who holds a company bond or a claim specified in each item of Article 120-2 (6) (hereinafter referred to as "company bond, etc." in this Article), which is a rehabilitation claim, if there is any bond administrator or person set forth in the respective items of said paragraph (hereinafter referred to as a "bond administrator, etc." in this Article) for said company bond, etc., may exercise his/her voting right based on said company bond, etc., only in any of the cases listed in the following items:

一 当該社債等について再生債権の届出をしたとき、又は届出名義の変更を受けたとき。

(i) Where the person has filed a proof of rehabilitation claim or received a change of the name of the holder of filed claim with regard to the company bond, etc. in question.

(ii) Where the bond administrator, etc. has filed a proof of rehabilitation claim with regard to the company bond, etc. in question, and before an order to refer a proposed rehabilitation plan to a resolution is made, has made an offer to the court to the effect that he/she has the intention of exercising his/her voting right based on said company bond, etc. (including cases where the bond administrator, etc., with regard to a company bond, etc. which is a rehabilitation claim and for which such an offer is made, has received a change of the name of the potential voter under the provision of the following paragraph).

２ 前項第二号に規定する申出のあった再生債権である社債等を取得した者は、申出名義の変更を受けることができる。

(2) A person who has acquired a company bond, etc. which is a rehabilitation claim and for which an offer prescribed in item (ii) of the preceding paragraph is made may receive a change of the name of the potential voter.

(3) In the following cases, a person who holds a company bond, etc. set forth in paragraph (1) (limited to one who falls under any of the items of said paragraph), notwithstanding the provision of said paragraph, may not exercise his/her voting right for a resolution of the proposed rehabilitation plan in question:

(i) Where, with regard to the exercise of a voting right for a resolution on a proposed rehabilitation plan based on a company bond, etc. which is a rehabilitation claim, a resolution at a bondholders meeting set forth in Article 706 (1) of the Companies Act (including cases where applied mutatis mutandis pursuant to Article 54-7 of the Medical Care Act) or resolution at a social medical care corporation bond holders meeting, resolution at an investment corporation bond holders meeting set forth in Article 139-9 (4) of the Act on Investment Trust and Investment Corporation, resolution at a bondholders meeting set forth in Article 61-7 (4) of the Insurance Business Act, or resolution at a specified company bond holders meeting set forth in Article 127 (4) of the Act on Securitization of Assets is adopted.

(ii) Where there exists a provision set forth in the proviso to Article 706 (1) of the Companies Act (including cases where applied mutatis mutandis pursuant to Article 54-7 of the Medical Care Act), provision set forth in the proviso to Article 139-9 (4) of the Act on Investment Trust and Investment Corporation, provision set forth in the proviso to Article 61-7 (4) of the Insurance Business Act, or where a notice set forth in the proviso to Article 127 (4) of the Act on Securitization of Assets is given.

（債権者集会が開催される場合における議決権の額の定め方等）

(Method of Determination of the Amount of Voting Right Where Creditors Meeting Is to Be Held, etc.)

Article 170 (1) Where the court designates either of the methods set forth in Article 169 (2)(i) or (iii) as the method for exercising a voting right, the rehabilitation debtor, etc. or a holder of filed rehabilitation claim may make an objection on the date of a creditors meeting; provided, however, that this shall not apply to a voting right held by a holder of filed rehabilitation claim the amount of which is determined pursuant to the provision of Article 104 (1).

２ 前項本文に規定する場合においては、議決権者は、次の各号に掲げる区分に応じ、当該各号に定める額に応じて、議決権を行使することができる。

(2) In the case prescribed in the main clause of the preceding paragraph, voting right holders may exercise their voting rights in accordance with the amount specified in each of the following items for the categories listed in the respective items:

一 第百四条第一項の規定によりその額が確定した議決権を有する届出再生債権者 確定した額

(i) A holder of filed rehabilitation claim who holds a voting right the amount of which is determined pursuant to the provision of Article 104 (1): The amount thus determined

二 前項本文の異議のない議決権を有する届出再生債権者 届出の額

(ii) A holder of filed rehabilitation claim who holds a voting right without objection set forth in the main clause of the preceding paragraph: The amount filed

(iii) A holder of filed rehabilitation claim who holds a voting right subject to objection set forth in the main clause of the preceding paragraph: The amount specified by the court; provided, however, that such a holder of filed rehabilitation claim may not exercise his/her voting right if the court has decided not to allow him/her to exercise the voting right.

３ 裁判所は、利害関係人の申立てにより又は職権で、いつでも前項第三号の規定による決定を変更することができる。

(3) The court, upon the petition of an interested person or by its own authority, may change the order made under the provision of item (iii) of the preceding paragraph at any time.

（債権者集会が開催されない場合における議決権の額の定め方等）

(Method of Determination of the Amount of Voting Right Where Creditors Meeting Is Not to Be Held, etc.)

Article 171 (1) Where the court designates the method set forth in Article 169 (2)(ii) as the method for exercising a voting right, voting right holders may exercise their voting rights in accordance with the amount specified in each of the following items for the categories listed in the respective items:

一 第百四条第一項の規定によりその額が確定した議決権を有する届出再生債権者 確定した額

(i) A holder of filed rehabilitation claim who holds a voting right the amount of which is determined pursuant to the provision of Article 104 (1): The amount thus determined

(ii) A holder of filed rehabilitation claim (excluding one set forth in the preceding item): The amount specified by the court; provided, however, that such a holder of filed rehabilitation claim may not exercise his/her voting right if the court has decided not to allow him/her to exercise the voting right.

２ 裁判所は、利害関係人の申立てにより又は職権で、いつでも前項第二号の規定による決定を変更することができる。

(2) The court, upon the petition of an interested person or by its own authority, may change the order made under item (ii) of the preceding paragraph at any time.

（議決権の行使の方法等）

(Methods of Exercising Voting Rights, etc.)

第百七十二条 議決権者は、代理人をもってその議決権を行使することができる。

Article 172 (1) Voting right holders may exercise their voting rights by proxy.

(2) Each voting right holder may exercise his/her voting right diversely. In this case, he/she shall give a notice to the court in writing to that effect by the time limit prescribed in the first sentence of Article 169 (2).

(3) The provision of the preceding paragraph shall apply mutatis mutandis where the proxy prescribed in paragraph (1) diversely exercises a voting right vested therein (if the proxy has his/her own voting right, such voting right shall be included).

Article 172-2 (1) The court, when it finds it appropriate, upon making an order to refer a proposed rehabilitation plan to a resolution, may designate a certain day (hereinafter referred to as the "record date" in this Article) and determine the rehabilitation creditors recorded in the schedule of rehabilitation creditors as of the record date as voting right holders.

２ 裁判所は、基準日を公告しなければならない。この場合において、基準日は、当該公告の日から二週間を経過する日以後の日でなければならない。

(2) The court shall make a public notice of the record date. In this case, the record date shall be on or after the day on which two weeks elapsed since the date of public notice.

（再生計画案の可決の要件）

(Requirements for Approval of Proposed Rehabilitation Plan)

第百七十二条の三 再生計画案を可決するには、次に掲げる同意のいずれもがなければならない。

Article 172-3 (1) In order to approve a proposed rehabilitation plan, both of the following consents shall be required:

一 議決権者（債権者集会に出席し、又は第百六十九条第二項第二号に規定する書面等投票をしたものに限る。）の過半数の同意

(i) Consent of the majority of voting right holders (limited to those who attended a creditors meeting or voted by voting by document, etc. prescribed in Article 169 (2)(ii))

二 議決権者の議決権の総額の二分の一以上の議決権を有する者の同意

(ii) Consent of persons who hold voting rights that account for not less than half of the total amount of voting rights held by voting right holders

(2) Where proof of any consensually-subordinated rehabilitation claims is filed, a resolution on a proposed rehabilitation plan shall be adopted separately by holders of rehabilitation claims (excluding consensually-subordinated rehabilitation claims; hereinafter the same shall apply in this Article, Article 172-5 (4) and Article 174-2 (1) and (2)) and by holders of consensually-subordinated rehabilitation claims; provided, however, that this shall not apply where there is no holder of consensually-subordinated rehabilitation claim who holds a voting right.

(3) Even in the case prescribed in the main clause of the preceding paragraph, the court, when it finds it appropriate, may make an order to the effect that a resolution shall be adopted collectively by holders of rehabilitation claims and holders of consensually-subordinated rehabilitation claims.

４ 裁判所は、再生計画案を決議に付する旨の決定をするまでは、前項の決定を取り消すことができる。

(4) The court may revoke the order set forth in the preceding paragraph until it makes an order to refer a proposed rehabilitation plan to a resolution.

(5) Where an order is made under the provision of the preceding two paragraphs, the written order shall be served upon voting right holders; provided, however, that this shall not apply where the order is rendered on the date of a creditors meeting.

(6) Notwithstanding the provision of paragraph (1), in order to approve a proposed rehabilitation plan in cases where a resolution on the proposed rehabilitation plan shall be adopted separately by holders of rehabilitation claims and holders of consensually-subordinated rehabilitation claims, pursuant to the provision of the main clause of paragraph (2), both of the consents listed in the items of paragraph (1) shall be required among both holders of rehabilitation claims and holders of consensually-subordinated rehabilitation claims.

(7) For the purpose of application of the provisions of paragraph (1)(i) or the preceding paragraph in cases where any voting right holder has exercised only part of his/her voting right pursuant to the provision of Article 172 (2) (including cases where applied mutatis mutandis pursuant to paragraph (3) of said Article) in order to consent to a proposed rehabilitation plan (excluding one who has not exercised the remaining part of the voting right), for each such voting right holder, the number of voting right holders prescribed in paragraph (1)(i) shall be increased by one and the number of voting right holders who have exercised voting rights to consent to the proposed rehabilitation plan shall be increased by one-half, respectively.

Article 172-4 Where either of the methods set forth in Article 169 (2)(i) or (iii) is designated as the method for exercising a voting right, the person who has submitted a proposed rehabilitation plan, with permission of the court, may modify the proposed rehabilitation plan at a creditors meeting as long as it does not adversely affect rehabilitation creditors.

Article 172-5 (1) Where either of the methods set forth in Article 169 (2)(i) or (iii) has been designated as the method for exercising a voting right on a proposed rehabilitation plan, and the proposed rehabilitation plan has not been approved, if any of the consents listed in the following items is obtained, the court, upon the petition of the person who has submitted the proposed rehabilitation plan or by its own authority, shall designate and render the further date; provided, however, that this shall not apply where it is obvious that the proposed rehabilitation plan is unlikely to be approved on the further date:

(ii) Consent to the continuance of the majority of voting right holders present at the creditors meeting on the date set therefor, whose voting rights collectively account for more than half of the total amount of voting rights held by the voting right holders present

(2) In the case referred to in the main clause of the preceding paragraph, approval of a proposed rehabilitation plan set forth in the main clause of said paragraph shall be made within two months from the date of the first creditors meeting to which the proposed rehabilitation plan has been referred for a resolution.

(3) The court, when it finds it necessary, upon the petition of the person who has submitted a proposed rehabilitation plan or by its own authority, may extend the period set forth in the preceding paragraph; provided, however, that an extension shall not exceed one month.

(4) Where a resolution on a proposed rehabilitation plan shall be adopted separately by holders of rehabilitation claims and holders of consensually-subordinated rehabilitation claims pursuant to the provision of the main clause of Article 172-3 (2), the provisions of the preceding three paragraphs shall apply only if the consent listed in either item of paragraph (1) is obtained among both holders of rehabilitation claims and holders of consensually-subordinated rehabilitation claims.

（再生計画案が可決された場合の法人の継続）

(Continuation in Existence of Juridical Person Where Proposed Rehabilitation Plan Is Approved)

Article 173 (1) Where a rehabilitation proceeding is commenced against the rehabilitation debtor that is a juridical person in liquidation or special liquidation or a judicial person against which bankruptcy proceedings have been commenced, if a proposed rehabilitation plan is approved, the juridical person may continue to exist, if it is an incorporated association, by complying with the provisions concerning the amendment of articles of incorporation, or if it is an incorporated foundation, by obtaining approval of the competent government agency.

２ 前項に規定する主務官庁の権限は、政令の定めるところにより、その全部又は一部を国に所属する行政庁に委任することができる。

(2) The authority of the competent government agency prescribed in the preceding paragraph, as provided for by Cabinet Order, may be delegated in whole or part to any administrative agency of the State.

(3) The affairs under the authority of the competent government agency prescribed in paragraph (1), as provided for by Cabinet Order, may be administered in whole or part by the governor or any other executive agency of a prefecture.

第四節 再生計画の認可等

Section 4 Confirmation of Rehabilitation Plan, etc.

（再生計画の認可又は不認可の決定）

(Order of Confirmation or Disconfirmation of Rehabilitation Plan)

第百七十四条 再生計画案が可決された場合には、裁判所は、次項の場合を除き、再生計画認可の決定をする。

Article 174 (1) Where a proposed rehabilitation plan is approved, the court shall make an order of confirmation of the rehabilitation plan, except in any of the cases set forth in the following paragraph.

２ 裁判所は、次の各号のいずれかに該当する場合には、再生計画不認可の決定をする。

(2) In any of the cases set forth in the following items, the court shall make an order of disconfirmation of the rehabilitation plan:

(i) Where the rehabilitation proceedings or rehabilitation plan contravene provisions of any Act and such defect cannot be corrected; provided, however, that this shall not apply where rehabilitation proceedings contravene provisions of any Act but such contravention is a minor one.

二 再生計画が遂行される見込みがないとき。

(ii) Where the rehabilitation plan is unlikely to be executed.

三 再生計画の決議が不正の方法によって成立するに至ったとき。

(iii) Where the resolution on the rehabilitation plan has been adopted by unlawful means.

四 再生計画の決議が再生債権者の一般の利益に反するとき。

(iv) Where the resolution on the rehabilitation plan is contrary to the common interests of rehabilitation creditors.

３ 第百十五条第一項本文に規定する者及び労働組合等は、再生計画案を認可すべきかどうかについて、意見を述べることができる。

(3) The persons prescribed in the main clause of Article 115 (1) and the labor union, etc. may state their opinions with regard to whether or not the proposed rehabilitation plan should be approved.

(4) Where an order of confirmation or disconfirmation of the rehabilitation plan is made, a document stating the main text of the order and the gist of the reasons attached thereto shall be served upon the persons prescribed in the main clause of Article 115 (1).

５ 前項に規定する場合には、同項の決定があった旨を労働組合等に通知しなければならない。

(5) In the case prescribed in the preceding paragraphs, the labor union, etc. shall be given a notice to the effect that the order set forth in said paragraph is made.

Article 174-2 (1) Where a resolution on a proposed rehabilitation plan shall be adopted separately by holders of rehabilitation claims and holders of consensually-subordinated rehabilitation claims pursuant to the provision of the main clause of Article 172-3 (2), even if the proposed rehabilitation plan is not approved due to the fact that either of the consents listed in the items of paragraph (1) of said Article has not been obtained among either of the holders of rehabilitation claims or holders of consensually-subordinated rehabilitation claims, the court may make an order of confirmation of the rehabilitation plan by modifying the proposed rehabilitation plan, and in the interest of the holders of either category of claims among whom consent has not been obtained, by specifying a clause that the holders of such claims shall be paid the amount of distribution that they are expected to receive if bankruptcy proceedings are commenced, or any other equivalent clauses to protect the holders of these claims in a fair and equitable manner.

(2) Where a resolution on a proposed rehabilitation plan shall be adopted separately by holders of rehabilitation claims and holders of consensually-subordinated rehabilitation claims pursuant to the provision of the main clause of Article 172-3 (2), if it is obvious that for a proposed rehabilitation plan, the consent listed in either item of paragraph (1) of said Article will not be obtained among either of the holders of rehabilitation claims or holders of consensually-subordinated rehabilitation claims, the court, upon the petition of the person who is to prepare a proposed rehabilitation plan, may permit that a proposed rehabilitation plan will be prepared by specifying, in advance, the clauses prescribed in the preceding paragraph in the interest of the holders of the category of claims among whom consent obviously will not be obtained. In this case, the holders of the category of claims among whom consent obviously will not be obtained may not exercise their voting rights to adopt a resolution on the proposed rehabilitation plan.

(3) When the petition set forth in the preceding paragraph is filed, the court shall hear opinions of the petitioner and at least one of the holders of the category of claims among whom consent obviously will not be obtained.

（再生計画認可の決定等に対する即時抗告）

(Immediate Appeal Against Order of Confirmation of Rehabilitation Plan, etc.)

第百七十五条 再生計画の認可又は不認可の決定に対しては、即時抗告をすることができる。

Article 175 (1) An immediate appeal may be filed against an order of confirmation or disconfirmation of the rehabilitation plan.

(2) Notwithstanding the provision of the preceding paragraph, where the rehabilitation debtor, at the time of commencement of rehabilitation proceedings, is unable to pay his/her debts in full with his/her property with regard to claims that take preference over consensually-subordinated rehabilitation claims, the holder of a consensually-subordinated rehabilitation claim may not file an immediate appeal except on the grounds that the contents of a rehabilitation plan are in violation of Article 155 (1) with regard to the relationships between the holders of consensually-subordinated rehabilitation claims.

３ 議決権を有しなかった再生債権者が第一項の即時抗告をするには、再生債権者であることを疎明しなければならない。

(3) A rehabilitation creditor who held no voting right, when filing an immediate appeal set forth in paragraph (1), shall make a prima facie showing to the effect that he/she is a rehabilitation creditor.

(4) The provision of the preceding paragraph shall apply mutatis mutandis to an appeal against an order under the provision of Article 336 of the Code of Civil Procedure and to a petition for permission for appeal against an order under the provision of Article 337 of said Code, both provisions applied mutatis mutandis pursuant to Article 18, which are filed against a judicial decision on the immediate appeal set forth in paragraph (1).

（再生計画の効力発生の時期）

(Time When Rehabilitation Plan Becomes Effective)

第百七十六条 再生計画は、認可の決定の確定により、効力を生ずる。

Article 176 A rehabilitation plan shall become effective when an order of confirmation becomes final and binding.

Article 177 (1) A rehabilitation plan shall be effective in the interest of and against the rehabilitation debtor, all rehabilitation creditors, and any person who assumes a debt or provides security for the purpose of rehabilitation.

(2) A rehabilitation plan shall not affect any security interests prescribed in Article 53 (1) held by holders of rights of separate satisfaction, any rights held by rehabilitation creditors against the rehabilitation debtor's guarantor or any other person who owes debts jointly with the rehabilitation debtor, and any security provided by persons other than the rehabilitation debtor in the interest of rehabilitation creditors.

Article 178 When an order of confirmation of the rehabilitation plan becomes final and binding, the rehabilitation debtor shall be discharged from his/her liabilities for all rehabilitation claims, except for those for the rights approved pursuant to the provisions of the rehabilitation plan or provisions of this Act; provided, however, that this shall not apply to any claim for a fine, etc. arising prior to the commencement of rehabilitation proceedings.

（届出再生債権者等の権利の変更）

(Modification of Rights of Holders of Filed Rehabilitation Claims, etc.)

Article 179 (1) When an order of confirmation of the rehabilitation plan becomes final and binding, the rights of holders of filed rehabilitation claims and those of rehabilitation creditors who hold rehabilitation claims stated in a statement of approval or disapproval pursuant to the provision of Article 101 (3) shall be modified as provided for in the rehabilitation plan.

２ 前項に規定する再生債権者は、その有する債権が確定している場合に限り、再生計画の定めによって認められた権利を行使することができる。

(2) Holders of filed rehabilitation claims and rehabilitation creditors prescribed in the preceding paragraph, only where their claims have been determined, may exercise their rights approved pursuant to the provisions of the rehabilitation plan.

（再生計画の条項の再生債権者表への記載等）

(Entry of Clauses of Rehabilitation Plan in Schedule of Rehabilitation Creditors)

第百八十条 再生計画認可の決定が確定したときは、裁判所書記官は、再生計画の条項を再生債権者表に記載しなければならない。

Article 180 (1) When an order of confirmation of the rehabilitation plan becomes final and binding, a court clerk shall make an entry of the clauses of the rehabilitation plan in the schedule of rehabilitation creditors.

(2) In the case referred to in the preceding paragraph, with regard to the rights approved pursuant to the provisions of the rehabilitation plan based on rehabilitation claims, the relevant entries in the schedule of rehabilitation creditors shall have the same effect as a final and binding judgment against the rehabilitation debtor and any person who assumes a debt or provides security for the purpose of rehabilitation.

(3) In the case referred to in paragraph (1), a person who holds a right set forth in the preceding paragraph that is intended to seek payment of money or any other performance may enforce compulsory execution based on the relevant entries in the schedule of rehabilitation creditors against the rehabilitation debtor and any person who has assumed a debt for the purpose of rehabilitation; provided, however, that this shall not preclude the application of the provisions of Article 452 and Article 453 of the Civil Code.

Article 181 (1) When an order of confirmation of the rehabilitation plan becomes final and binding, the following rehabilitation claims (excluding consensually-subordinated rehabilitation claims in cases where no proof of consensually-subordinated rehabilitation claim is filed) shall be modified according to the general standards set forth in Article 156:

(i) A rehabilitation claim for which the rehabilitation creditor was unable to file a proof within the period for filing proofs of claims due to grounds not attributable thereto, where such grounds have not been extinguished before the order prescribed in Article 95 (4) is made

二 前号の決定後に生じた再生債権

(ii) A rehabilitation claim that has arisen after the order set forth in the preceding item is made

三 第百一条第三項に規定する場合において、再生債務者が同項の規定による記載をしなかった再生債権

(iii) In the case prescribed in Article 101 (3), a rehabilitation claim that the rehabilitation debtor has not stated under the provision of Article 101 (3)

(2) With regard to a right as modified under the provision of item (iii) of the preceding paragraph, until the payment period specified in the rehabilitation plan expires (or until payment based on the rehabilitation plan is completed or the rehabilitation plan is revoked, if these events occur prior to the expiration of said period), it is not allowed to make or receive payment or conduct any other act to cause the right to be extinguished (excluding a release).

３ 再生計画認可の決定が確定した場合には、再生手続開始前の罰金等についても、前項と同様とする。

(3) Where an order of confirmation of the rehabilitation plan becomes final and binding, the provision of the preceding paragraph shall also apply to a claim for a fine, etc. arising prior to the commencement of rehabilitation proceedings.

（別除権者の再生計画による権利の行使）

(Exercise of Rights by Holder of Right of Separate Satisfaction Based on Rehabilitation Plan)

Article 182 Where a rehabilitation creditor holds a security interest prescribed in Article 53 (1), only if the part of the claim for which payment cannot be received by exercising the right of separate satisfaction is determined, he/she may exercise, with regard to such part of the claim, rights approved pursuant to the provisions of the confirmed rehabilitation plan or rights as modified pursuant to the provision of paragraph (1) of the preceding Article; provided, however, that if the security interest in question is a revolving mortgage and the rehabilitation plan provides for provisional payment figured by estimate and measures for settlement under the provision of Article 160 (2), these provisions shall prevail.

（再生計画により再生債務者の株式の取得等がされた場合の取扱い）

(The Rehabilitation Debtor's Acquisition of Its Shares Based on Rehabilitation Plan, etc.)

Article 183 (1) If a rehabilitation plan specifies, pursuant to the provision of Article 154 (3), clauses on the rehabilitation debtor's acquisition of its shares, the rehabilitation debtor shall acquire the shares set forth in Article 161 (1)(i) on the date set forth in Article 161 (1)(ii) as provided for in the rehabilitation plan confirmed.

(2) If a rehabilitation plan specifies, pursuant to the provision of Article 154 (3), clauses on the consolidation of shares, the rehabilitation debtor may consolidate its shares as provided for in the rehabilitation plan confirmed. In this case, the provisions of Article 116 and Article 117 of the Companies Act shall not apply.

(3) In the case referred to in the preceding paragraph, a case pertaining to a petition for permission set forth in Article 234 (2) of the Companies Act as applied mutatis mutandis pursuant to Article 235 (2) of said Act shall be subject to the jurisdiction of the rehabilitation court.

(4) If a rehabilitation plan specifies, pursuant to the provision of Article 154 (3), clauses on the reduction of the amount of stated capital, the rehabilitation debtor may reduce the amount of its stated capital as provided for in the rehabilitation plan confirmed. In this case, the provisions of Article 449 and Article 740 of the Companies Act shall not apply.

(5) In the case referred to in the preceding paragraph, notwithstanding the provisions of Article 828 (1)(v) and (2)(v) of the Companies Act, no action may be filed to seek invalidation of the reduction of the amount of stated capital.

(6) If a rehabilitation plan specifies, pursuant to the provision of Article 154 (3), clauses on the amendment of the articles of incorporation with regard to the total number of shares that may be issued by the rehabilitation debtor, the articles of incorporation shall be amended as provided for in the rehabilitation plan when an order of confirmation of the rehabilitation plan becomes final and binding.

(7) Where the consolidation of shares, reduction in the amount of stated capital or amendment of the articles of incorporation, as provided for in the rehabilitation plan confirmed, is conducted pursuant to the provisions of paragraph (2), paragraph (4) or the preceding paragraph, the written application for registration of these matters shall be accompanied by a transcript or extract of a written order of confirmation of the rehabilitation plan.

（再生計画に募集株式を引き受ける者の募集に関する条項を定めた場合の取扱い）

(Where Rehabilitation Plan Specifies Clauses on Solicitation of Subscribers for Shares for Subscription)

Article 183-2 (1) If a rehabilitation plan specifies, pursuant to the provision of Article 154 (4), clauses on the solicitation of subscribers for shares for subscription, notwithstanding the provision of Article 199 (2) of the Companies Act, the subscription requirements prescribed in Article 199 (2) of said Act may be specified by a decision of directors (or by a resolution of the board of directors in cases where the rehabilitation debtor is a company with board of directors). In this case, the provisions of Article 199 (4) and Article 204 (2) of said Act shall not apply.

(2) The provisions of Article 201 (3) to (5) of the Companies Act shall apply mutatis mutandis in the case referred to in the preceding paragraph.

３ 第一項の募集株式を引き受ける者の募集による変更の登記の申請書には、再生計画認可の裁判書の謄本又は抄本を添付しなければならない。

(3) The written application for registration of modification by reason of the solicitation of subscribers for shares for subscription set forth in paragraph (1) shall be accompanied by a transcript or extract of a written order of confirmation of the rehabilitation plan.

Article 184 When an order of confirmation of the rehabilitation plan becomes final and binding, the procedures or proceedings stayed pursuant to the provision of Article 39 (1) shall cease to be effective; provided, however, that this shall not apply to the procedures or proceedings continued pursuant to the provision of Article 39 (2).

（不認可の決定が確定した場合の再生債権者表の記載の効力）

(Effect of Entries in Schedule of Rehabilitation Creditors Upon Order of Disconfirmation Becoming Final and Binding)

Article 185 (1) When an order of disconfirmation of the rehabilitation plan becomes final and binding, the entries in the schedule of rehabilitation creditors with regard to rehabilitation claims determined shall have the same effect as a final and binding judgment against the rehabilitation debtor; provided, however, that this shall not apply where the rehabilitation debtor makes an objection pursuant to the provisions of Article 102 (2) or Article 103 (4).

２ 前項の場合には、再生債権者は、再生債務者に対し、再生債権者表の記載により強制執行をすることができる。

(2) In the case referred to in the preceding paragraph, a rehabilitation creditor may enforce compulsory execution against the rehabilitation debtor based on the entries in the schedule of rehabilitation creditors.

第八章 再生計画認可後の手続

Chapter VIII Procedures after Confirmation of Rehabilitation Plan

（再生計画の遂行）

(Execution of Rehabilitation Plan)

第百八十六条 再生計画認可の決定が確定したときは、再生債務者等は、速やかに、再生計画を遂行しなければならない。

Article 186 (1) When an order of confirmation of the rehabilitation plan becomes final and binding, the rehabilitation debtor, etc. shall promptly execute the rehabilitation plan.

２ 前項に規定する場合において、監督委員が選任されているときは、当該監督委員は、再生債務者の再生計画の遂行を監督する。

(2) In the case prescribed in the preceding paragraph, if any supervisor is appointed, the supervisor shall supervise the execution of the rehabilitation plan by the rehabilitation debtor.

(3) The court, when it finds it necessary in order to ensure the execution of the rehabilitation plan, shall order the rehabilitation debtor or any person who assumes a debtor or provides security for the purpose of rehabilitation to provide reasonable security in the interest of the following persons:

一 再生計画の定め又はこの法律の規定によって認められた権利を有する者

(i) A person who has rights approved pursuant to the provisions of the rehabilitation plan or provisions of this Act

二 異議等のある再生債権でその確定手続が終了していないものを有する者

(ii) A person who holds a denied/disputed rehabilitation claim for which determination proceedings have not yet been closed

三 別除権の行使によって弁済を受けることができない債権の部分が確定していない再生債権を有する者

(iii) A person who holds a rehabilitation claim where the part of the claim for which payment cannot be received by exercising a right of separate satisfaction has not yet been determined

Article 187 (1) If, after an order of confirmation of the rehabilitation plan is made, the need to modify any matters specified in the rehabilitation plan arises due to unavoidable reasons, the court, only prior to the close of rehabilitation proceedings, upon the petition of the rehabilitation debtor, a trustee, supervisor or holder of filed rehabilitation claim, may modify the rehabilitation plan.

(2) Where a petition is filed pursuant to the provision of the preceding paragraph for any modification of a rehabilitation plan that is found to adversely affect rehabilitation creditors, the provisions concerning the procedure to be performed upon the submission of a proposed rehabilitation plan shall apply mutatis mutandis; provided, however, that it shall not be required to have rehabilitation creditors who will not be adversely affected by the modification of the rehabilitation plan participate in the modification procedure, and those who do not exercise their voting rights on the proposed modification (excluding those who attended the creditors meeting aimed for adopting a resolution on the proposed modification) and have consented to the initial rehabilitation plan shall be deemed to consent to the proposed modification.

３ 第百七十五条及び第百七十六条の規定は、再生計画変更の決定があった場合について準用する。

(3) The provisions of Article 175 and Article 176 shall apply mutatis mutandis where an order of modification of the rehabilitation plan is made.

Article 188 (1) The court, when an order of confirmation of the rehabilitation plan becomes final and binding, shall make an order of termination of rehabilitation proceedings, except where a supervisor or trustee is appointed.

(2) Where a supervisor is appointed, the court, when the rehabilitation plan has been executed or three years have elapsed since an order of confirmation of the rehabilitation plan became final and binding, upon the petition of the rehabilitation debtor or the supervisor or by its own authority, shall make an order of termination of rehabilitation proceedings.

(3) Where a trustee is appointed, the court, when the rehabilitation plan has been executed or it has found that the rehabilitation plan will surely be executed, upon the petition of the rehabilitation debtor or the trustee or by its own authority, shall make an order of termination of rehabilitation proceedings.

４ 監督命令及び管理命令は、再生手続終結の決定があったときは、その効力を失う。

(4) A supervision order and administration order shall cease to be effective when an order of termination of rehabilitation proceedings is made.

５ 裁判所は、再生手続終結の決定をしたときは、その主文及び理由の要旨を公告しなければならない。

(5) The court, when it has made an order of termination of rehabilitation proceedings, shall make a public notice of the main text of the order and the gist of the reasons attached thereto.

Article 189 (1) Where an order of confirmation of the rehabilitation plan becomes final and binding, if any of the grounds set forth in the following items exist, the court, upon the petition of a rehabilitation creditor, may make an order of revocation of the rehabilitation plan:

一 再生計画が不正の方法により成立したこと。

(i) The rehabilitation plan has been established by unlawful means.

二 再生債務者等が再生計画の履行を怠ったこと。

(ii) The rehabilitation debtor, etc. has neglected in implementing the rehabilitation plan.

(iii) The rehabilitation debtor has violated the provisions of Article 41 (1) or Article 42 (1) or conducted any act set forth in Article 54 (2) without obtaining a supervisor's consent prescribed in Article 54 (2).

(2) A petition set forth in the preceding paragraph on any of the grounds listed in item (i) of said paragraph may not be filed if a rehabilitation debtor creditor has alleged the respective grounds set forth in said item in an immediate appeal against an order of confirmation of the rehabilitation plan or has failed to allege the grounds while knowing them, if one month has elapsed since a rehabilitation creditor became aware of the existence of the respective grounds set forth in said item, or if two years have elapsed since an order of confirmation of the rehabilitation plan became final and binding.

(3) A petition set forth in paragraph (1) on the grounds set forth in item (ii) of said paragraph may be filed only by a rehabilitation creditor who holds a right that accounts for one-tenth or more of the value, as determined by the court, of all rights approved pursuant to the provisions of the rehabilitation plan (excluding the parts of rights already performed), and has not received performance in whole or part of said right that is due.

(4) The court, when it has made an order of revocation of the rehabilitation plan, shall immediately serve the written order upon the person who filed the petition and the rehabilitation debtor, etc., and make a public notice of the main text of the order and the gist of the reasons attached thereto.

５ 第一項の申立てについての裁判に対しては、即時抗告をすることができる。

(5) An immediate appeal may be filed against a judicial decision on the petition set forth in paragraph (1).

６ 第四項の決定は、確定しなければその効力を生じない。

(6) An order set forth in paragraph (4) shall not become effective unless it becomes final and binding.

(7) Where an order set forth in paragraph (4) becomes final and binding, any rehabilitation claim modified by the rehabilitation plan shall be restored to its original state; provided, however, that this shall not affect any rights acquired by rehabilitation creditors based on the rehabilitation plan.

８ 第百八十五条の規定は第四項の決定が確定した場合について、前条第四項の規定は再生手続終了前に第四項の決定が確定した場合について準用する。

(8) The provision of Article 185 shall apply mutatis mutandis where an order set forth in paragraph (4) becomes final and binding, and the provision of paragraph (4) of the preceding Article shall apply mutatis mutandis where an order set forth in paragraph (4) becomes final and binding prior to the close of rehabilitation proceedings.

（破産手続開始の決定又は新たな再生手続開始の決定がされた場合の取扱い等）

(Where Order of Commencement of Bankruptcy Proceedings or Order of Commencement of Additional Rehabilitation Proceedings Is Made)

Article 190 (1) Where, prior to the complete implementation of the rehabilitation plan, an order of commencement of bankruptcy proceedings or order of commencement of additional rehabilitation proceedings is made against the rehabilitation debtor, any rehabilitation claim modified by the rehabilitation plan shall be restored to its original state; provided, however, that this shall not affect any rights acquired by rehabilitation creditors based on the rehabilitation plan.

２ 第百八十五条の規定は、前項の場合について準用する。

(2) The provision of Article 185 shall apply mutatis mutandis in the case referred to in the preceding paragraph.

(3) In the bankruptcy proceedings based on an order of commencement of bankruptcy proceedings set forth in paragraph (1), the amount of a bankruptcy claim that has been a rehabilitation claim shall be the amount obtained by deducting any amount paid based on the rehabilitation plan from the initial amount of the rehabilitation claim.

(4) In the bankruptcy proceedings set forth in the preceding paragraph, even if any amount is paid for a bankruptcy claim set forth in paragraph (1) based on the rehabilitation plan set forth in said paragraph, the initial amount of the rehabilitation claim shall be deemed to be the amount of the claim that may enter into the procedure for a liquidating distribution, and the basis for calculating the percentage of distribution shall be determined by adding such amount paid to the bankruptcy estate; provided, however, that the bankruptcy creditor who holds such bankruptcy claim may not receive a liquidating distribution until any other bankruptcy creditor with the same priority as his/hers receives a liquidating distribution at the same proportion as he/she has received payment.

(5) When an order of commencement of bankruptcy proceedings set forth in paragraph (1) is made, the provision of security conducted by the rehabilitation debtor for a rehabilitation creditor after the close of rehabilitation proceedings shall cease to be effective if it is not based on the rehabilitation plan.

(6) In additional rehabilitation proceedings, a rehabilitation creditor, even after receiving any payment of his/her rehabilitation claim based on the rehabilitation plan set forth in paragraph (1), may participate in the rehabilitation proceedings with regard to the whole amount of the claim as of the time before receiving such payment.

(7) In additional rehabilitation proceedings, a rehabilitation creditor who participates in the rehabilitation proceedings pursuant to the provision of the preceding paragraph may not receive payment until any other rehabilitation creditor with the same priority as his/hers receives payment at the same proportion as he/she has received payment.

(8) In additional rehabilitation proceedings, a rehabilitation creditor who participates in the rehabilitation proceedings pursuant to the provision of paragraph (6) may not exercise his/her voting right with regard to the part of the claim that he/she has received payment based on the rehabilitation plan set forth in paragraph (1).

９ 新たな再生手続においては、従前の再生手続における共益債権は、共益債権とみなす。

(9) In additional rehabilitation proceedings, common benefit claims in the previous rehabilitation proceedings shall be deemed to be common benefit claims.

第九章 再生手続の廃止

Chapter IX Discontinuance of Rehabilitation Proceedings

（再生計画認可前の手続廃止）

(Discontinuance of Proceedings Before Confirmation of Rehabilitation Plan)

第百九十一条 次の各号のいずれかに該当する場合には、裁判所は、職権で、再生手続廃止の決定をしなければならない。

Article 191 In any of the cases listed in the following items, the court, by its own authority, shall make an order of discontinuance of rehabilitation proceedings:

一 決議に付するに足りる再生計画案の作成の見込みがないことが明らかになったとき。

(i) Where it has become obvious that a proposed rehabilitation plan worthy to be referred to a resolution is unlikely to be prepared.

(ii) Where no proposed rehabilitation plan is submitted within the period specified by the court or any extension thereof, or all proposed rehabilitation plans submitted within such period or extension are not worthy to be referred to a resolution.

(iii) Where a proposed rehabilitation plan is rejected, or where a further date for a creditors meeting is designated pursuant to the provisions of the main clause of Article 172-5 (1) and paragraph (4) of said Article, and the proposed rehabilitation plan is not approved within the period that conforms to the provisions of paragraph (2) and paragraph (3) of said Article.

Article 192 (1) If, after the period for filing proofs of claims has expired and before an order of confirmation of the rehabilitation plan becomes final and binding, it has become obvious that none of the grounds for petition for commencement of rehabilitation proceedings prescribed in Article 21 (1) exist, the court, upon the petition of the rehabilitation debtor, a trustee or holder of filed rehabilitation claim, shall make an order of discontinuance of rehabilitation proceedings.

２ 前項の申立てをする場合には、申立人は、再生手続廃止の原因となる事実を疎明しなければならない。

(2) When filing a petition set forth in the preceding paragraph, the petitioner shall make a prima facie showing of the fact constituting the grounds for discontinuance of rehabilitation proceedings.

（再生債務者の義務違反による手続廃止）

(Discontinuance of Proceedings by Reason of the Rehabilitation Debtor's Breach of Duties)

Article 193 (1) In any of the cases listed in the following items, the court, upon the petition of a supervisor or trustee or by its own authority, may make an order of discontinuance of rehabilitation proceedings:

一 再生債務者が第三十条第一項の規定による裁判所の命令に違反した場合

(i) Where the rehabilitation debtor has violated an order issued by the court under the provisions of Article 30 (1).

(ii) Where the rehabilitation debtor has violated the provisions of Article 41 (1) or Article 42 (1) or conducted any act set forth in Article 54 (2) without obtaining a supervisor's consent prescribed in Article 54 (2).

三 再生債務者が第百一条第五項又は第百三条第三項の規定により裁判所が定めた期限までに認否書を提出しなかった場合

(iii) Where the rehabilitation debtor has not submitted a statement of approval or disapproval by the time limit set by the court pursuant to the provisions of Article 101 (5) or Article 103 (3).

２ 前項の決定をする場合には、再生債務者を審尋しなければならない。

(2) When making an order set forth in the preceding paragraph, the court shall interrogate the rehabilitation debtor.

（再生計画認可後の手続廃止）

(Discontinuance of Proceedings After Confirmation of Rehabilitation Plan)

Article 194 If, after an order of confirmation of the rehabilitation plan has become final and binding, it has become obvious that the rehabilitation plan is unlikely to be executed, the court, upon the petition of the rehabilitation debtor, etc. or a supervisor or by its own authority, shall make an order of discontinuance of rehabilitation proceedings.

（再生手続廃止の公告等）

(Public Notice of Discontinuance of Rehabilitation Proceedings, etc.)

第百九十五条 裁判所は、再生手続廃止の決定をしたときは、直ちに、その主文及び理由の要旨を公告しなければならない。

Article 195 (1) The court, when it has made an order of discontinuance of rehabilitation proceedings, shall immediately make a public notice of the main text of the order and the gist of the reasons attached thereto.

２ 前項の決定に対しては、即時抗告をすることができる。

(2) An immediate appeal may be filed against an order set forth in the preceding paragraph.

(3) The provision of Article 175 (3) shall apply mutatis mutandis to an immediate appeal set forth in the preceding paragraph, and to an appeal against an order under the provision of Article 336 of the Code of Civil Procedure and a petition for permission for appeal against an order under the provision of Article 337 of said Code, both provisions applied mutatis mutandis pursuant to Article 18, which are filed against a judicial decision on said immediate appeal.

４ 再生手続廃止の決定を取り消す決定が確定したときは、再生手続廃止の決定をした裁判所は、直ちに、その旨を公告しなければならない。

(4) When an order to revoke the order of discontinuance of rehabilitation proceedings becomes final and binding, the court that made the order of discontinuance of rehabilitation proceedings shall immediately make a public notice to that effect.

５ 第一項の決定は、確定しなければその効力を生じない。

(5) An order set forth in paragraph (1) shall not become effective unless it becomes final and binding.

６ 再生計画認可の決定が確定した後にされた再生手続の廃止は、再生計画の遂行及びこの法律の規定によって生じた効力に影響を及ぼさない。

(6) The discontinuance of rehabilitation proceedings ordered after an order of confirmation of the rehabilitation plan became final and binding shall not affect any effects arising from the execution of the rehabilitation plan or the provisions of this Act.

(7) The provision of Article 185 shall apply mutatis mutandis where an order of discontinuance of rehabilitation proceedings made under the provisions of Article 191, Article 192 (1) or Article 193 (1) becomes final and binding (excluding cases where an order of discontinuance of rehabilitation proceedings becomes final and binding after an order of confirmation of the rehabilitation plan became final and binding), and the provision of Article 188 (4) shall apply mutatis mutandis where an order set forth in paragraph (1) becomes final and binding.

第十章 住宅資金貸付債権に関する特則

Chapter X Special Provisions on Home Loan Claims

（定義）

(Definitions)

第百九十六条 この章、第十二章及び第十三章において、次の各号に掲げる用語の意義は、それぞれ当該各号に定めるところによる。

Article 196 In this Chapter, Chapter XII and Chapter XIII, the meanings of the terms listed in the following items shall be as prescribed respectively in those items:

(i) Residence: A building that the rehabilitation debtor, who is an individual, owns and uses for his/her own residential purpose, not less than half of its floor area being used exclusively for his/her residential purpose; provided, however, that if the rehabilitation debtor owns two or more such buildings, only one of these buildings that the rehabilitation debtor uses mainly for his/her residential purpose shall be treated as the residence.

二 住宅の敷地 住宅の用に供されている土地又は当該土地に設定されている地上権をいう。

(ii) Site of the residence: Land used for the residence or a superficies right established on such land

(iii) Home loan claim: A rehabilitation claim with a provision authorizing installment payment, which pertains to a loan of funds necessary for the construction or purchase of the residence (including funds necessary for the acquisition of land or land lease right to be used for the residence) or funds necessary for the remodeling of the residence, with a mortgage being established on the residence for the purpose of securing the claim itself or a right of exoneration held by the guarantor for any debt arising from the claim (limited to a person engaging in the guarantee business; hereinafter referred to as a "guarantee company") against the principal debtor

(iv) Special clause on home loan: A clause in a rehabilitation plan that modifies, pursuant to the provisions of Article 199 (1) to (4), the whole or part of a home loan claim held by a rehabilitation creditor

五 住宅資金貸付契約 住宅資金貸付債権に係る資金の貸付契約をいう。

(v) Home loan contract: A contract for a loan of funds pertaining to a home loan claim

Article 197 (1) Where a petition for commencement of rehabilitation proceedings is filed, the court, if it finds that a rehabilitation plan that specifies special clauses on home loan is likely to be confirmed, upon the petition of the rehabilitation debtor, may specify a reasonable period and order the stay of a procedure for the exercise of a mortgage prescribed in item (iii) of the preceding Article which is established on the residence or the site for the residence owned by the rehabilitation debtor.

２ 第三十一条第二項から第六項までの規定は、前項の規定による中止の命令について準用する。

(2) The provisions of Article 31 (2) to (6) shall apply mutatis mutandis to a stay order issued under the provision of the preceding paragraph.

(3) Where the rehabilitation debtor, if he/she does not pay part of a home loan claim after the commencement of rehabilitating proceedings, will forfeit the benefit of time with regard to the whole or part of the home loan claim in accordance with the provisions of the home loan contract, the court, when it finds that a rehabilitation plan that specifies special clauses on home loan is likely to be confirmed, may permit payment of such claim upon the petition of the rehabilitation debtor even before an order of confirmation of the rehabilitation plan becomes final and binding.

Article 198 (1) With regard to a home loan claim (excluding one held by a rehabilitation creditor who has been subrogated to the holder of a home loan claim under the provision of Article 500 of the Civil Code, by way of such subrogation), a rehabilitation plan may specify special clauses on home loan; provided, however, that this shall not apply where any security interest prescribed in Article 53 (1) (excluding a mortgage prescribed in Article 196 (iii)) exists on the residence or where a mortgage set forth in Article 196 (iii) is also established on real property other than the residence and any security interest prescribed in Article 53 (1) that is subordinated to said mortgage exists on said real property.

(2) Where a guarantee company has performed its guarantee obligation for a home loan claim, if a petition for commencement of rehabilitation proceedings is filed before six months have elapsed since the day on which the guarantee obligation has been performed in whole, a rehabilitation plan may specify special clauses on home loan with regard to the rights of a person who is supposed to acquire a home loan claim pursuant to the provision of the main clause of Article 204 (1). In this case, the provision of the proviso to the preceding paragraph shall apply mutatis mutandis.

(3) If there are two or more rehabilitation creditors who hold home loan claims prescribed in paragraph (1) or persons who are supposed to acquire home loan claims pursuant to the provision of the main clause of Article 204 (1), special clauses on home loan specified to be shall target all these persons.

Article 199 (1) Special clauses on home loan, except in the cases prescribed in the following paragraph or paragraph (3), shall specify the content specified in each of the following items for the categories of claims listed in the respective items:

(i) Principal of a home loan claim that will become due by the time when an order of confirmation of the rehabilitation plan becomes final and binding (excluding one that will not become due by that time if the rehabilitation debtor does not forfeit the benefit of time) and agreed interest on home loan (meaning an interest at an agreed interest rate under the home loan contract; hereinafter the same shall apply in this Article) to be accrued from such principal after an order of confirmation of the rehabilitation plan becomes final and binding, as well as interest on a home loan claim to be accrued and any damages for default to be incurred by the time when an order of confirmation of the rehabilitation plan becomes final and binding: These claims shall be paid in full within the payment period specified in a rehabilitation plan (excluding special clauses on home loan) (or within five years after an order of confirmation of the rehabilitation plan becomes final and binding if said period exceeds five years; referred to as the "general period for payment" in paragraph (3))

(ii) Principal of a home loan claim that will not become due by the time when an order of confirmation of the rehabilitation plan becomes final and binding (including one that will not become due by that time if the rehabilitation debtor does not forfeit the benefit of time) and agreed interest on home loan to be accrued from such principal after an order of confirmation of the rehabilitation plan becomes final and binding: These claims shall be paid in accordance with an agreement on the time and amount of payment in the case of the absence of default under the home loan contract

(2) Where a rehabilitation plan that specifies special clauses on home loan under the provision of the preceding paragraph is unlikely to be confirmed, the special clauses on home loan may set the due date for the home loan claim as coming after the final due date set under the home loan contract (hereinafter referred to as the "agreed final due date" in this paragraph and paragraph (4)). The content of a modification of rights in this case shall meet all of the following requirements:

一 次に掲げる債権について、その全額を支払うものであること。

(i) Each of the following claims shall be paid in full:

イ 住宅資金貸付債権の元本及びこれに対する再生計画認可の決定の確定後の住宅約定利息

(a) Principal of the home loan claim and agreed interest on home loan to be accrued from such principal after an order of confirmation of the rehabilitation plan becomes final and binding

ロ 再生計画認可の決定の確定時までに生ずる住宅資金貸付債権の利息及び不履行による損害賠償

(b) Interest on the home loan claim to be accrued and any damages for default to be incurred by the time when an order of confirmation of the rehabilitation plan becomes final and binding

(ii) The final due date as modified by the special clauses on home loan shall not come more than ten years later than the agreed final due date, and the age of the rehabilitation debtor as of the final due date as modified by the special clauses on home loan shall not exceed seventy years.

(iii) With regard to the claim set forth in item (i)(a), if the interval between due dates and the amount of payment on each due date under the home loan contract are specified by certain standards, the modification shall generally conform to such standards.

(3) Where a rehabilitation plan that specifies special clauses on home loan under the provision of the preceding paragraph is unlikely to be confirmed, it may be provided that during a certain period within the general period for payment (hereinafter referred to as the "grace period to pay principal" in this paragraph), payment shall be required only for part of principal of a home loan claim and agreed interest on home loan to be accrued from the principal of the home loan claim during the grace period to pay principal. The content of a modification of rights in this case shall meet all of the following requirements:

一 前項第一号及び第二号に掲げる要件があること。

(i) The requirements listed in item (i) and item (ii) of the preceding paragraph are specified.

(ii) With regard to the provisions on the due date and the amount of payment of a claim set forth in item (i)(a) of the preceding paragraph after the expiration of the grace period to pay principal, if the interval between due dates and the amount of payment on each due date under the home loan contract are specified by certain standards, the modification shall generally conform to such standards.

(4) If consent is obtained from any person who is subject to a modification of rights by the special clauses on home loan, notwithstanding the provisions of the preceding three paragraphs, special clauses on home loan may be specified to the effect that the term for debt for the home loan claim shall be extended by more than ten years from the agreed final due date and any modification other than the modifications prescribed in the preceding three paragraphs shall be made.

(5) The provision of Article 155 (1) shall not apply between a person who is subject to a modification of rights by special clauses on home loan and other rehabilitation creditors, the provision of Article 155 (3) shall not apply to special clauses on home loan, and the provisions of Article 160 and Article 165 (2) shall not apply to a person who is subject to a modification of rights by special clauses on home loan.

（住宅資金特別条項を定めた再生計画案の提出等）

(Submission of Proposed Rehabilitation Plan Specifying Special Clauses on Home Loan, etc.)

第二百条 住宅資金特別条項を定めた再生計画案は、再生債務者のみが提出することができる。

Article 200 (1) A proposed rehabilitation plan that specifies special clauses on home loan may be submitted only by the rehabilitation debtor.

(2) When the rehabilitation debtor has submitted a proposed rehabilitation plan that specifies special clauses on home loan and it has resulted in any of the cases set forth in the following items, any objection made in an investigation of rehabilitation claims, by the time specified in the respective items, by a holder of filed rehabilitation creditor with regard to the content of the home loan claim prescribed in Article 198 (1) shall cease to be effective as of that respective time; provided, however, that this shall apply only where the proceedings for determination of the rehabilitation claim subject to said objection have not yet been closed by that time:

(i) None of the holders of filed rehabilitation claims has submitted a proposed rehabilitation plan that specifies no special clause on home loan within the period specified by the court or any extension thereof: The time when said period or extension has expired

(ii) A proposed rehabilitation plan submitted by a holder of filed rehabilitation claim that specifies no special clause on home loan has not been referred to a resolution, and only a proposed rehabilitation plan that specifies special clauses on home loan has been referred to a resolution: The time when an order prescribed in the proviso to Article 167 is made

(iii) Both a proposed rehabilitation plan that specifies special clauses on home loan and a proposed rehabilitation plan submitted by a holder of filed rehabilitation claim that specifies no special clause on home loan have been referred to a resolution, and the proposed rehabilitation plan that specifies special clauses on home loan has been approved: The time when the plan is approved

３ 前項の規定により同項本文の異議が効力を失った場合には、当該住宅資金貸付債権については、第百四条第一項及び第三項の規定は、適用しない。

(3) Where an objection set forth in the main clause of the preceding paragraph has ceased to be effective pursuant to the provision of said paragraph, the provisions of Article 104 (1) and (3) shall not apply to the home loan claim in question.

(4) When the rehabilitation debtor has submitted a proposed rehabilitation plan that specifies special clauses on home loan and it has resulted in any of the cases set forth in the items of paragraph (2), the provision of paragraph (2) shall also apply to an objection made in an investigation of rehabilitation claims, by the time specified in the respective items, by a rehabilitation creditor who holds a home loan claim prescribed in Article 198 (1) and does not hold any rehabilitation claim except for said home loan claim or by a guarantee company that does not hold any rehabilitation claim except for a right of exoneration based on the guarantee for the debt for a home loan claim. In this case, the person who has made such objection shall not be subject to the effect of the relevant statements in the schedule of rehabilitation creditors that shall be the same as a final and binding judgment under the provisions of Article 104 (3) and Article 180 (2).

(5) When the rehabilitation debtor has submitted a proposed rehabilitation plan that specifies special clauses on home loan and it has resulted in any of the cases set forth in paragraph (2)(i) or (ii), the rehabilitation creditor or guarantee company prescribed in the first sentence of the preceding paragraph may not make an objection set forth in the main clause of Article 170 (1).

（住宅資金特別条項を定めた再生計画案の決議等）

(Resolution on Proposed Rehabilitation Plan Specifying Special Clauses on Home Loan, etc.)

Article 201 (1) When adopting a resolution on a proposed rehabilitation plan that specifies special clauses on home loan, a person who is supposed to be subject to a modification of rights by the special clauses on home loan and guarantee company shall not have any voting right with regard to a home loan claim or a right of exoneration based on the guarantee for the debt for a home loan claim, respectively.

(2) When a proposed rehabilitation plan that specifies special clauses on home loan is submitted, the court shall hear opinions of any person who is supposed to be subject to a modification of rights by special clauses on home loan. The same shall apply to a proposed rehabilitation plan that specifies special clauses on home loan as revised under the provision of Article 167 (excluding cases where it is obvious that the revision will not adversely affect such person who is supposed to be subject to a modification of rights by the special clauses on home loan).

(3) For the purpose of application of the provision of Article 169 (1) to a proposed rehabilitation plan that specifies special clauses on home loan, the phrase "items of Article 174 (2) (excluding item (iii))" in paragraph (3) of said Article shall be deemed to be replaced with "items of Article 202 (2) (excluding item (iv))."

（住宅資金特別条項を定めた再生計画の認可又は不認可の決定等）

(Order of Confirmation or Disconfirmation of Rehabilitation Plan Specifying Special Clauses on Home Loan)

第二百二条 住宅資金特別条項を定めた再生計画案が可決された場合には、裁判所は、次項の場合を除き、再生計画認可の決定をする。

Article 202 (1) Where a proposed rehabilitation plan that specifies special clauses on home loan is approved, the court shall make an order of confirmation of the rehabilitation plan, except in the cases set forth in the following paragraph.

２ 裁判所は、住宅資金特別条項を定めた再生計画案が可決された場合において、次の各号のいずれかに該当するときは、再生計画不認可の決定をする。

(2) Where a proposed rehabilitation plan that specifies special clauses on home loan is approved, the court, in any of the cases set forth in the following items, shall make an order of confirmation of the rehabilitation plan:

一 第百七十四条第二項第一号又は第四号に規定する事由があるとき。

(i) Where the rehabilitation plan falls under any of the grounds prescribed in Article 174 (2)(i) or (iv).

二 再生計画が遂行可能であると認めることができないとき。

(ii) Where the rehabilitation plan cannot be found to be feasible for execution

三 再生債務者が住宅の所有権又は住宅の用に供されている土地を住宅の所有のために使用する権利を失うこととなると見込まれるとき。

(iii) Where the rehabilitation debtor is likely to lose his/her ownership in the residence or the right to use the land, which is currently used for the residence, for the purpose of owning the residence.

四 再生計画の決議が不正の方法によって成立するに至ったとき。

(iv) Where the resolution on the rehabilitation plan has been adopted by unlawful means.

(3) A person who is supposed to be subject to a modification of rights by special clauses on home loan, even if he/she has not filed a proof of rehabilitation claim, may state his/her opinions with regard to whether or not the proposed rehabilitation plan that specifies the special clauses on home loan should be confirmed.

(4) Where an order of confirmation or disconfirmation of the rehabilitation plan that specifies special clauses on home loan is made, a document stating the main text of the order and the gist of the reasons attached thereto shall also be served upon any person who is supposed to be subject to a modification of rights by the special clauses on home loan but has not filed a proof of rehabilitation claim.

５ 住宅資金特別条項を定めた再生計画案が可決された場合には、第百七十四条第一項及び第二項の規定は、適用しない。

(5) Where a proposed rehabilitation plan that specifies special clauses on home loan is approved, the provisions of Article 174 (1) and (2) shall not apply.

（住宅資金特別条項を定めた再生計画の効力等）

(Effect of Rehabilitation Plan Specifying Special Clauses on Home Loan, etc.)

Article 203 (1) When an order of confirmation of the rehabilitation plan that specifies special clauses on home loan becomes final and binding, the provision of Article 177 (2) shall not apply to any mortgage prescribed in Article 196 (iii) that is established on the residence and the site of the residence and any right held by a person who is subject to a modification of rights by the special clauses on home loan against the rehabilitation debtor's guarantee or any other person who owes debts jointly with the rehabilitation debtor. In this case, if the rehabilitation debtor is one of the joint and several obligors, the extension of the term under the special clauses on home loan shall also be effective against other joint and several obligor(s).

(2) When an order of confirmation of the rehabilitation plan that specifies special clauses on home loan becomes final and binding, with regard to rights as modified by the special clauses on home loan, it shall be deemed that the special clauses on home loan contain the same provisions as the provision on the forfeiture of the benefit of time and other provisions of the home loan contract; provided, however, that this shall not preclude the special clauses from providing otherwise with consent set forth in Article 199 (4).

(3) For the purpose of application of the provisions of Article 123 (2) and Article 181 (2) in cases where an order of confirmation of the rehabilitation plan that specifies special clauses on home loan becomes final and binding, in these provisions, the phrase "payment period specified in the rehabilitation plan" shall be deemed to be replaced with "the payment period specified in the rehabilitation plan (excluding special clauses on home loan)," and the phrase "payment based on the rehabilitation plan" shall be deemed to be replaced with "payment based on the rehabilitation plan (excluding special clauses on home loan)."

(4) The provision of Article 181 (2) as applied mutatis mutandis by replacing the relevant terms and phrases pursuant to the preceding paragraph shall not apply to rights as modified by special clauses on home loan, and the provision of Article 182 shall not apply to a person who is subject to a modification of rights by special clauses on home loan.

Article 204 (1) Where an order of confirmation of the rehabilitation plan that specifies special clauses on home loan becomes final and binding, if a guarantee company has already performed its guarantee obligation for a home loan claim, such performance of the guarantee obligation shall be deemed to have never occurred; provided, however, that this shall not affect any act conducted by the guarantee company, as a rehabilitation creditor, based on a right acquired thereby as a result of the performance of the guarantee obligation.

(2) In the case referred to in the main text of the preceding paragraph, if the rehabilitation debtor, before the order of confirmation becomes final and binding, has already made payment to the guarantee company for the right of exoneration pertaining to the guarantee obligation set forth in said paragraph, the rehabilitation debtor shall not be required to make payment based on a home loan claim to the person who has acquired said home loan claim pursuant to the provision of the main clause of said paragraph, for such amount already paid. In this case, the guarantee company shall deliver the amount already paid to the person who has acquired the home loan claim pursuant to the provision of the main clause of said paragraph.

Article 205 (1) Where no petition for assessment prescribed in Article 105 (1) is filed with regard to a home loan claim prescribed in Article 198 (1) within an unextendable period set forth in Article 105 (2) (excluding the cases referred to in Article 107 and Article 109), where an objection set forth in the main clause of Article 200 (2) has ceased to be effective pursuant to the provision of Article 200 (2), and where a guarantee company has performed its guarantee obligation for a home loan claim, the provisions of Article 157, Article 159, the second sentence of Article 164 (2) and Article 179 shall not apply to the special clauses on home loan.

(2) When an order of confirmation of the rehabilitation plan that specifies special clauses on home loan becomes final and binding, in the case prescribed in the preceding paragraph (excluding cases where a guarantee company has performed its guarantee obligation for a home loan claim), rights of a rehabilitation creditor who holds a home loan claim and rights of a person who is supposed to acquire a home loan claim pursuant to the provision of the main clause of paragraph (1) of the preceding Article shall be modified according to the general standards set forth in Article 156 under the special clauses on home loan.

（住宅資金特別条項を定めた再生計画の取消し等）

(Revocation of Rehabilitation Plan Specifying Special Clauses on Home Loan, etc.)

Article 206 (1) With regard to a rehabilitation plan that specifies special clauses on home loan, a petition for revocation of the rehabilitation plan on the grounds set forth in Article 189 (1)(ii), notwithstanding the provision of paragraph (3) of said Article, may be filed only by a rehabilitation creditor who holds a right that accounts for one-tenth or more of the value, as determined by the court, of all rights approved pursuant to the provisions of the rehabilitation plan (excluding those as modified by the special clauses on home loan; excluding the part of rights already performed), and has not received performance in whole or part of said right that is due.

(2) For the purpose of application of the provisions of the proviso to Article 189 (7) and the proviso to Article 190 (1) in cases where an order of revocation of the rehabilitation plan that specifies special clauses on home loan becomes final and binding, in these provisions, the phrase "any rights acquired by a rehabilitation creditor based on the rehabilitation plan" shall be deemed to be replaced with "any rights acquired by a rehabilitation creditor based on the rehabilitation plan and the effect generated pursuant to the provision of the main clause of Article 204 (1)."

Article 207 (1) The rehabilitation debtor, etc., where there exist foreign insolvency proceedings (meaning proceedings commenced in a foreign state, which are equivalent to bankruptcy proceedings or rehabilitation proceedings; the same shall apply hereinafter) enforced against the rehabilitation debtor, may request a foreign trustee (meaning a person who has a right to administer and dispose of the rehabilitation debtor's property in said foreign insolvency proceedings; the same shall apply hereinafter) to provide cooperation and information necessary for the rehabilitation of the rehabilitation debtor.

２ 前項に規定する場合には、再生債務者等は、外国管財人に対し、再生債務者の再生のために必要な協力及び情報の提供をするよう努めるものとする。

(2) In the case prescribed in the preceding paragraph, the rehabilitation debtor, etc. shall endeavor to provide a foreign trustee with cooperation and information necessary for the rehabilitation of the rehabilitation debtor.

（再生手続の開始原因の推定）

(Presumption of the Grounds for Commencement of Rehabilitation Proceedings)

第二百八条 再生債務者についての外国倒産処理手続がある場合には、当該再生債務者に再生手続開始の原因となる事実があるものと推定する。

Article 208 Where foreign insolvency proceedings are enforced against the rehabilitation debtor, a fact constituting the grounds for the commencement of rehabilitation proceedings shall be presumed to exist with regard to the rehabilitation debtor.

Article 209 (1) In the case prescribed in the first sentence of Article 21 (1), a foreign trustee may file a petition for commencement of rehabilitation proceedings against the rehabilitation debtor. In this case, for the purpose of application of the provision of Article 33 (1), the term "Article 21" in Article 33 (1) shall be deemed to be replaced with "the first sentence of Article 209 (1)."

２ 外国管財人は、再生債務者の再生手続において、債権者集会に出席し、意見を述べることができる。

(2) A foreign trustee may attend a creditors meeting and state his/her opinions in rehabilitation proceedings against the rehabilitation debtor.

(3) In rehabilitation proceedings against the rehabilitation debtor, a foreign trustee may prepare a proposed rehabilitation plan and submit it to the court within the period prescribed in Article 163 (1) (in cases where it is extended pursuant to the provision of paragraph (3) of said Article, within the extension thereof).

(4) Where a foreign trustee has filed a petition for commencement of rehabilitation proceedings pursuant to the provision of paragraph (1), a notice shall be given to the foreign trustee with regard to: when a comprehensive prohibition order is issued or an order to change or revoke said order is made, the main text of the respective order; when an order of commencement of rehabilitation proceedings is made, the matters for which a public notice shall be made pursuant to the provision of Article 35 (1); when there is a change to the period specified pursuant to the provision of Article 34 (1), the statement to that effect; when an order to revoke the order of commencement of rehabilitation proceedings becomes final and binding, the main text of the order.

Article 210 (1) A foreign trustee, while representing a rehabilitation creditor who has not filed a proof of claim but has participated in foreign insolvency proceedings against the rehabilitation debtor, may participate in rehabilitation proceedings against the rehabilitation debtor; provided, however, that this shall only apply where the foreign trustee has the power to do so pursuant to laws and regulations of the foreign state concerned.

(2) The rehabilitation debtor, etc., while representing a holder of filed rehabilitation claim (including one who holds a rehabilitation claim stated in a statement of approval or disapproval pursuant to the provision of Article 101 (3); the same shall apply in the following paragraph) who has not participated in foreign insolvency proceedings, may participate in said foreign insolvency proceedings.

(3) The rehabilitation debtor, etc., when he/she has participated in foreign insolvency proceedings under the provision of the preceding paragraph, may perform any and all acts involved in the foreign insolvency proceedings in the interest of the holder of filed rehabilitation claim whom he/she represents; provided, however, that delegation of powers from said holder of filed rehabilitation claim shall be required in order to withdraw a proof of claim filed, seek a settlement or perform any other act that is likely to prejudice the rights of other holders of filed rehabilitation claims.

Article 211 (1) If, after the period for filing proofs of claims has expired and before the ordinary period for investigation has started, a petition is filed by the rehabilitation debtor, etc., the court shall make an order of simplified rehabilitation (meaning an order to the effect that proceedings for investigation and determination of rehabilitation claims shall not be performed; the same shall apply hereinafter). In this case, the rehabilitation debtor, etc. may file a petition only where a holder of filed rehabilitation claim who holds a claim that accounts for three-fifths or more of the value, as determined by the court, of total claims held by holders of filed rehabilitation claims has, in writing, consented to a proposed rehabilitation plan submitted by the rehabilitation debtor, etc. and also consented to not performing the proceedings for investigation and determination of rehabilitation claims provided for in Chapter IV, Section 3.

２ 前項の申立てをする場合には、再生債務者等は、労働組合等にその旨を通知しなければならない。

(2) When filing a petition set forth in the preceding paragraph, the rehabilitation debtor, etc. shall give a notice to the labor union, etc. to that effect.

(3) Where a petition set forth in paragraph (1) is filed, the court, when it finds that a proposed rehabilitation plan set forth in the second paragraph of said paragraph falls under any of the grounds set forth in the items of Article 174 (2) (excluding item (iii)), shall dismiss the petition without prejudice.

(4) For the purpose of application of the provisions of the second sentence of paragraph (1) and the preceding paragraph in cases where a rehabilitation plan set forth in the second sentence of paragraph (1) specifies special clauses on home loan, in the second sentence of paragraph (1), the phrase "total claims held by holders of filed rehabilitation claims" shall be deemed to be replaced with "all of the claims held by holders of filed rehabilitation claims (excluding a home loan claim prescribed in Article 198 (1)or a right of exoneration based on the guarantee for the debt for a home loan claim, which has been filed)," the phrase "holder of filed rehabilitation claim who holds a claim" shall be deemed to be replaced with "holder of filed rehabilitation claim who holds said claim," and the phrase "items of Article 174 (2) (excluding item (iii))" shall be deemed to be replaced with "items of Article 202 (2) (excluding item (iv))."

（簡易再生の決定の効力等）

(Effect of Order of Simplified Rehabilitation, etc.)

第二百十二条 簡易再生の決定があった場合には、一般調査期間に関する決定は、その効力を失う。

Article 212 (1) Where an order of simplified rehabilitation is made, an order on the ordinary period for investigation shall cease to be effective.

(2) The court, upon making an order of simplified rehabilitation, shall make an order to refer a proposed rehabilitation plan to a resolution set forth in the second sentence of paragraph (1) of the preceding Article, while designating the method set forth in Article 169 (2)(i) as a method for exercising voting rights and setting a time limit for giving a notice to the court in the case of diverse exercise of a voting right under the provision of Article 172 (2) (including cases where applied mutatis mutandis pursuant to paragraph (3) of said Article).

(3) Where an order of simplified rehabilitation is made, a public notice shall be made with regard to the date of a creditors meeting aimed for adopting a resolution on a proposed rehabilitation plan set forth in the second sentence of paragraph (1) of the preceding Article, the time limit prescribed in the preceding paragraph, and the proposed rehabilitation plan in question, and a notice of these matters shall also be given to the persons prescribed in the main text of Article 115 (1). In this case, a notice of the date of such creditors meeting shall be given to the labor union, etc.

４ 前項の債権者集会については、第百十五条第一項から第四項までの規定は適用しない。

(4) The provisions of Article 115 (1) to (4) shall not apply to the creditors meeting set forth in the preceding paragraph.

(5) For the purpose of application of the provision of Article 172 (2) (including cases where applied mutatis mutandis pursuant to paragraph (3) of said Article) in cases where an order of simplified rehabilitation is made, the phrase "the first sentence of Article 169 (2)" in paragraph (2) of said Article shall be deemed to be replaced with "Article 212 (2)."

（即時抗告等）

(Immediate Appeal, etc.)

第二百十三条 第二百十一条第一項の申立てについての裁判に対しては、即時抗告をすることができる。

Article 213 (1) An immediate appeal may be filed against a judicial decision on the petition set forth in Article 211 (1).

２ 前項の即時抗告は、執行停止の効力を有しない。

(2) The immediate appeal set forth in the preceding paragraph shall not have the effect of stay of execution.

３ 簡易再生の決定を取り消す決定が確定した場合には、簡易再生の決定をした裁判所は、遅滞なく、一般調査期間を定めなければならない。

(3) Where an order to revoke an order of simplified rehabilitation becomes final and binding, the court that has made the order of simplified rehabilitation shall specify the ordinary period for investigation without delay.

４ 第百二条第三項から第五項までの規定は、前項の一般調査期間を定める決定の送達について準用する。

(4) The provisions of Article 102 (3) to (5) shall apply mutatis mutandis to the service of an order to specify the ordinary period for investigation set forth in the preceding paragraph.

(5) Where an order of simplified rehabilitation becomes final and binding, the rehabilitation debtor, etc. shall take over any action discontinued pursuant to the provision of Article 40 (1) (including cases where applied mutatis mutandis pursuant to paragraph (3) of said Article). In this case, a petition for taking over of action may also be filed by the opponent.

（債権者集会の特則）

(Special Provisions on Creditors Meetings)

第二百十四条 第二百十二条第三項に規定する債権者集会においては、第二百十一条第一項後段の再生計画案のみを、決議に付することができる。

Article 214 (1) At a creditors meeting prescribed in Article 212 (3), only a proposed rehabilitation plan set forth in the second sentence of Article 211 (1) may be referred to a resolution.

(2) The court may not refer the proposed rehabilitation plan set forth in the preceding paragraph to a resolution unless a report is made by the rehabilitation debtor, etc. at a meeting for reporting the status of property or a written report set forth in Article 125 (1) is submitted.

(3) Where a holder of filed rehabilitation claim who has not attended a creditors meeting set forth in paragraph (1) has given the consent set forth in the second sentence of Article 211 (1), for the purpose of application of the provisions of Article 172-3 (1) and (6), such holder of filed rehabilitation claim shall be deemed to have attended the creditors meeting and consented to the proposed rehabilitation plan in question; provided, however, that this shall not apply if such holder of filed rehabilitation claim, prior to the commencement of the creditors meeting set forth in paragraph (1), has submitted to the court a document stating that he/she revokes the consent prescribed in the second sentence of Article 211 (1).

Article 215 (1) Where an order of simplified rehabilitation is made, when an order of confirmation of the rehabilitation plan becomes final and binding, all rights of rehabilitation creditors (excluding consensually-subordinated rehabilitation claims in cases where no proof of consensually-subordinated rehabilitation claim is filed, and claims for fine, etc. arising prior to the commencement of rehabilitation proceedings) shall be modified according to the general standards set forth in Article 156 (1).

(2) For the purpose of application of the provisions of Article 182, Article 189 (3) and Article 206 (1) in the case prescribed in the preceding paragraph, the phrase "rights approved pursuant to the provisions of the rehabilitation plan confirmed or rights as modified pursuant to the provision of paragraph (1) of the preceding Article" in Article 182 and the phrase "rights approved pursuant to the provisions of the rehabilitation plan" in Article 189 (3) and Article 206 (1) shall be deemed to be replaced with "rights as modified pursuant to the provision of Article 215 (1)."

３ 第一項に規定する場合において、約定劣後再生債権の届出がないときは、再生債務者は、約定劣後再生債権について、その責任を免れる。

(3) In the case prescribed in paragraph (1), if no proof of consensually-subordinated rehabilitation claim is filed, the rehabilitation debtor shall be discharged from his/her liabilities for any consensually-subordinated rehabilitation claim.

（再生債権の調査及び確定に関する規定等の適用除外等）

(Exclusion from Application of Provisions on Investigation and Determination of Rehabilitation Claims, etc.)

(2) For the purpose of application of the provision of Article 67 (3) in cases where an order of simplified rehabilitation is made, the phrase "action [discontinued under the provision of the preceding paragraph] which does not relate to any rehabilitation claim" in Article 67 (3) shall be deemed to be replaced with "action [discontinued under the provision of the preceding paragraph]."

Article 217 (1) If, after the period for filing proofs of claims has expired but before the ordinary period for investigation has started, a petition is filed by the rehabilitation debtor, etc. the court shall make an order of consensual rehabilitation (meaning an order to the effect that proceedings for investigation and determination of rehabilitation claims and a procedure for adopting a resolution on a proposed rehabilitation plan submitted by the rehabilitation debtor, etc. shall not be performed; the same shall apply hereinafter). In this case, the rehabilitation debtor, etc. may file a petition only where all holders of filed rehabilitation claims have, in writing, consented to a proposed rehabilitation plan submitted by the rehabilitation debtor, etc. and also consented to not performing the proceedings for investigation and determination of rehabilitation claims provided for in Chapter IV, Section 3.

(2) The court may not make an order of consensual rehabilitation unless a report is made by the rehabilitation debtor, etc. at a meeting for reporting the status of property or a written report set forth in Article 125 (1) is submitted.

(3) Where a petition set forth in paragraph (1) is filed, the court, when it finds that a proposed rehabilitation plan set forth in the second paragraph of said paragraph falls under any of the grounds set forth in the items of Article 174 (2) (excluding item (iii)), shall dismiss the petition without prejudice.

(4) Where an order of consensual rehabilitation is made, a public notice shall be made with regard to the main text of the order, the gist of the reasons attached thereto and the proposed rehabilitation plan set forth in the second sentence of paragraph (1), and a notice of these matters shall also be given to the persons prescribed in the main text of Article 115 (1).

(5) For the purpose of application of the provisions of the second sentence of paragraph (1), paragraph (3) and the preceding paragraph in cases where a proposed rehabilitation plan set forth in the second sentence of paragraph (1) specifies special clauses on home loan, the phrase "holders of filed rehabilitation claims" in the second sentence of paragraph (1) shall be deemed to be replaced with "holders of filed rehabilitation claims (excluding a rehabilitation creditor who holds a home loan claim prescribed in Article 198 (1) and does not hold any rehabilitation claim except for said home loan claim or a guarantee company that does not hold any rehabilitation claim except for a right of exoneration based on the guarantee for the debt for a home loan claim," the phrase "items of Article 174 (2) (excluding item (iii)" in paragraph (3) shall be deemed to be replaced with "items of Article 202 (2) (excluding item (iv))," and the phrase "persons prescribed in the main text of Article 115 (1)" in the preceding paragraph shall be deemed to be replaced with "the persons prescribed in the main text of Article 115 (1) and any person who is supposed to be subject to a modification of rights by the special clauses on home loan but has not filed a proof of rehabilitation claim."

(6) The provisions of Article 174 (3) and Article 211 (2) shall apply mutatis mutandis to a petition set forth in paragraph (1), the provisions of Article 174 (5) and Article 212 (1) shall apply mutatis mutandis to cases where an order of consensual rehabilitation is made, and the provision of Article 202 (3) shall apply mutatis mutandis to opinions on an order of consensual rehabilitation in cases where a proposed rehabilitation plan set forth in the second sentence of paragraph (1) specifies special clauses on home loan.

（即時抗告）

(Immediate Appeal)

第二百十八条 前条第一項の申立てについての裁判に対しては、即時抗告をすることができる。

Article 218 (1) An immediate appeal may be filed against a judicial decision on the petition set forth in paragraph (1) of the preceding Article.

２ 前項の即時抗告は、執行停止の効力を有しない。

(2) The immediate appeal set forth in the preceding paragraph shall not have the effect of stay of execution.

(3) The provisions of Article 175 (2) and (3) shall apply mutatis mutandis to an immediate appeal set forth in paragraph (1) as well as to an appeal against an order under the provision of Article 336 of the Code of Civil Procedure and a petition for permission for appeal against an order under the provision of Article 337 of said Code, both provisions applied mutatis mutandis pursuant to Article 18, which are filed against a judicial decision on said immediate appeal, the provisions of Article 213 (3) shall apply mutatis mutandis to cases where an order to revoke an order of consensual rehabilitation becomes final and binding, and the provisions of Article 102 (3) to (5) shall apply mutatis mutandis to the service of an order to specify the ordinary period for investigation set forth in Article 213 (3) as applied mutatis mutandis pursuant to this paragraph.

（同意再生の決定が確定した場合の効力）

(Effect of Order of Consensual Rehabilitation Becoming Final and Binding)

第二百十九条 同意再生の決定が確定したときは、第二百十七条第一項後段の再生計画案について、再生計画認可の決定が確定したものとみなす。

Article 219 (1) When an order of consensual rehabilitation becomes final and binding, it shall be deemed that an order of confirmation of the rehabilitation plan becomes final and binding with regard to a proposed rehabilitation plan set forth in the second sentence of Article 217 (1).

２ 第百七十三条、第二百十三条第五項及び第二百十五条の規定は、同意再生の決定が確定した場合について準用する。

(2) The provisions of Article 173, Article 213 (5) and Article 215 shall apply mutatis mutandis where an order of consensual rehabilitation becomes final and binding.

（再生債権の調査及び確定に関する規定等の適用除外）

(Exclusion from Application of Provisions on Investigation and Determination of Rehabilitation Claims, etc.)

(2) For the purpose of application of the provision of Article 67 (3) in cases where an order of consensual rehabilitation is made, the phrase "action [discontinued under the provision of the preceding paragraph] which does not relate to any rehabilitation claim" in Article 67 (3) shall be deemed to be replaced with "action [discontinued under the provision of the preceding paragraph]."

第十三章 小規模個人再生及び給与所得者等再生に関する特則

Chapter XIII Special Provisions on Rehabilitation for Individuals with Small-Scale Debts and Rehabilitation for Salaried Workers, Etc.

Article 221 (1) A debtor who is an individual, if he/she is likely to earn income continuously or regularly in the future and the total amount of rehabilitation claims owed by him/her (excluding the amount of home loan claim(s), the amount of rehabilitation claim(s) for which payment is expected to be received by exercising a right of separate satisfaction, and the amount of claim(s) for a fine, etc. arising prior to the commencement of rehabilitation proceedings) is not more than 50 million yen, may request the implementation of rehabilitation proceedings subject to the special provisions prescribed in this Section (hereinafter referred to as "rehabilitation for individuals with small-scale debts").

(2) A request for rehabilitation for individuals with small-scale debts shall be made upon filing a petition for commencement of rehabilitation proceedings (in cases where a creditor has filed a petition for commencement of rehabilitation proceedings, such request shall be made by the time when an order of commencement of rehabilitation proceedings is made).

３ 前項の申述をするには、次に掲げる事項を記載した書面（以下「債権者一覧表」という。）を提出しなければならない。

(3) When making a request set forth in the preceding paragraph, a document stating the following matters (hereinafter referred to as the "list of creditors") shall be submitted:

一 再生債権者の氏名又は名称並びに各再生債権の額及び原因

(i) The name of each rehabilitation creditor and the amount and cause of each rehabilitation claim held thereby

(ii) With regard to a holder of a right of separate satisfaction, the collateral for the right of separate satisfaction and the amount of a rehabilitation claim for which payment is not expected to be received by exercising the right of separate satisfaction (hereinafter referred to as the "estimated amount of deficiency")

三 住宅資金貸付債権については、その旨

(iii) If the claim in question is a home loan claim, a statement to that effect

四 住宅資金特別条項を定めた再生計画案を提出する意思があるときは、その旨

(iv) If the debtor has the intention of submitting a proposed rehabilitation plan that specifies special clauses on home loan, a statement to that effect

(4) The rehabilitation debtor, when stating in the list of creditors the amount of each rehabilitation claim and the estimated amount of deficiency, may also state that he/she has an objection to the whole or part of such amount.

(5) With respect to the calculation of the total amount of rehabilitation claims prescribed in paragraph (1) and the statement of the amount of each rehabilitation claim in the list of creditors, the rehabilitation claims listed in Article 87 (1) (i) to (iii) shall be treated as the claims of the amount specified in the respective items for the categories of claims listed in the respective items.

(6) The rehabilitation debtor, when making a request set forth in paragraph (2), shall clarify whether or not he/she has the intention of seeking the commencement of rehabilitation proceedings even where it becomes obvious that said request does not satisfy the requirements prescribed in paragraph (1) or paragraph (3); provided, however, that this shall not apply where a creditor has filed a petition for commencement of rehabilitation proceedings.

(7) The court, when it finds that the request set forth in paragraph (2) obviously does not satisfy the requirements prescribed in the main clause of the preceding paragraph, shall make an order, only before making an order of commencement of rehabilitation proceedings, to the effect that the rehabilitation case shall be handled through ordinary rehabilitation proceedings; provided, however, that if the rehabilitation debtor has clarified, pursuant to the provision of the main clause of the preceding paragraph, that he/she has no intention of seeking the commencement of rehabilitation proceedings, the court shall dismiss with prejudice on the merits the petition for commencement of rehabilitation proceedings.

Article 222 (1) In the case of rehabilitation for individuals with small-scale debts, the court, upon making an order of commencement of rehabilitation proceedings, shall specify, in addition to the period for filing proofs of claims, a period during which an objection may be made to any filed rehabilitation claim. In this case, the court shall not be required to specify the ordinary period for investigation.

(2) The court, when it has made on order of commencement of rehabilitation proceedings, shall immediately make a public notice of the main text of the order of commencement of rehabilitation proceedings, the period for filing proofs of claims, and the period during which an objection may be made to any filed rehabilitation claim as prescribed in the preceding paragraph (hereinafter referred to as the "ordinary period for making objections").

３ 再生債務者及び知れている再生債権者には、前項に規定する事項を通知しなければならない。

(3) The rehabilitation debtor and known rehabilitation creditors shall be given a notice of the matters prescribed in the preceding paragraph.

４ 知れている再生債権者には、前条第三項各号及び第四項の規定により債権者一覧表に記載された事項を通知しなければならない。

(4) Known rehabilitation creditors shall be given a notice of the matters stated in the list of creditors pursuant to the provisions of the items of paragraph (3) of the preceding Article and the provision of paragraph (4) of said Article.

５ 第二項及び第三項の規定は、債権届出期間に変更を生じた場合について準用する。

(5) The provisions of paragraph (2) and paragraph (3) shall apply mutatis mutandis where there is a change to the period for filing proofs of claims.

Article 223 (1) Where a request set forth in Article 221 (2) is made, the court, when it finds it necessary, upon the petition of an interested person or by its own authority, may appoint one or more individual rehabilitation commissioners; provided, however, that if a petition for valuation of rehabilitation claim prescribed in the main text of Article 227 (1) is filed, the court shall appoint an individual rehabilitation commissioner except where it dismisses the petition as unlawful without prejudice.

２ 裁判所は、前項の規定による決定をする場合には、個人再生委員の職務として、次に掲げる事項の一又は二以上を指定するものとする。

(2) The court, when making an order under the provision of the preceding paragraph, shall designate one or more of the matters listed below as duties of an individual rehabilitation commissioner:

一 再生債務者の財産及び収入の状況を調査すること。

(i) Investigating the status of the rehabilitation debtor's property and income

二 第二百二十七条第一項本文に規定する再生債権の評価に関し裁判所を補助すること。

(ii) Assisting the court in the valuation of rehabilitation claim prescribed in the main clause of Article 227 (1)

三 再生債務者が適正な再生計画案を作成するために必要な勧告をすること。

(iii) Making recommendations necessary for the rehabilitation debtor to prepare a proper proposed rehabilitation plan

(3) The court, when designating, in an order under the provision of paragraph (1), the matter set forth in item (i) of the preceding paragraph as a duty of an individual rehabilitation commissioner, shall also specify a period during which he/she should report the results of the investigation to the court.

４ 裁判所は、第一項の規定による決定を変更し、又は取り消すことができる。

(4) The court may change or revoke an order made under the provision of paragraph (1)

５ 第一項及び前項の規定による決定に対しては、即時抗告をすることができる。

(5) An immediate appeal may be filed against orders made pursuant to the provisions of paragraph (1) and the preceding paragraph.

６ 前項の即時抗告は、執行停止の効力を有しない。

(6) The immediate appeal set forth in the preceding paragraph shall not have the effect of stay of execution.

７ 第五項に規定する裁判及び同項の即時抗告についての裁判があった場合には、その裁判書を当事者に送達しなければならない。

(7) Where a judicial decision prescribed in paragraph (5) and a judicial decision on the immediate appeal set forth in said paragraph are made, the written decisions shall be served upon the parties concerned.

(8) An individual rehabilitation commissioner for whom the matter set forth in paragraph (2)(i) is designated as his/her duty may request the rehabilitation debtor or his/her statutory agent to report on the status of the rehabilitation debtor's property and income or may inspect the rehabilitation debtor's books, documents and any other objects.

９ 個人再生委員は、費用の前払及び裁判所が定める報酬を受けることができる。

(9) An individual rehabilitation commissioner may receive advance payments of expenses as well as remuneration determined by the court.

Article 224 (1) In the case of rehabilitation for individuals with small-scale debts, rehabilitation creditors who intend to participate in rehabilitation proceedings shall not be required to file a proof of the amount of the voting right.

２ 小規模個人再生における再生債権の届出に関しては、第二百二十一条第五項の規定を準用する。

(2) With regard to the filing of proofs of rehabilitation claims in the case of rehabilitation for individuals with small-scale debts, the provision of Article 221 (5) shall apply mutatis mutandis.

Article 225 A rehabilitation creditor stated in the list of creditors shall be deemed, with regard to his/her rehabilitation claim stated in the list of creditors, to have filed a proof of rehabilitation claim on the first day of the period for filing proofs of claims, with the same content as that of the statements in the list of creditors, except where he/she has filed with the court, within the period for filing proofs of claims, a proof of said rehabilitation claim in question or proof to the effect that he/she does not have said rehabilitation claim.

Article 226 (1) The rehabilitation debtor and a holder of filed rehabilitation claim may make an objection in writing to the court within the ordinary period for making objections with regard to the amount of a filed rehabilitation claim or estimated amount of deficiency; provided, however, that the rehabilitation debtor may make no objection to the amount of a rehabilitation claim and estimated amount of deficiency stated in the list of creditors, for which he/she has not stated in the list of creditors, pursuant to the provision of Article 221 (4), that he/she has an objection.

(2) Where a rehabilitation claim is filed or a change is made to any filed matter pursuant to the provision of Article 95, the court shall specify a period during which an objection to the rehabilitation claim in question may be made (hereinafter referred to as the "special period for making objections").

(3) The rehabilitation debtor and a holder of filed rehabilitation claim may make an objection in writing to the court within the special period for making objections with regard to the amount of a filed rehabilitation claim or estimated amount of deficiency within the special period for making objections.

(4) The provisions of Article 102 (3) to (5) shall apply mutatis mutandis to the service of a written order in cases where an order to specify the special period for making objections or an order to change the ordinary period for making objections or special period for making objections is made, and the provision of Article 103 (2) shall apply mutatis mutandis in the case referred to in paragraph (2).

(5) The provisions of the preceding paragraphs shall not apply to a claim for a fine, etc. arising prior to the commencement of rehabilitation proceedings, and to a home loan claim prescribed in Article 198 (1) in cases where the rehabilitation debtor has stated in the list of creditors that he/she has the intention of submitting a proposed rehabilitation plan that specifies special clauses on home loan.

(6) Where the rehabilitation debtor has stated in the list of creditors that he/she has the intention of submitting a proposed rehabilitation plan that specifies special clauses on home loan, a rehabilitation creditor who holds a home loan claim prescribed in Article 198 (1) and does not hold any rehabilitation claim except for said home loan claim, and a guarantee company that does not hold any rehabilitation claim except for the right of exoneration based on the guarantee for the debt for a home loan claim may not make an objection set forth in the main clause of paragraph (1) and paragraph (3).

Article 227 (1) Where the rehabilitation debtor or a holder of filed rehabilitation claim has made an objection pursuant to the provisions of the main clause of paragraph (1) of the preceding Article or paragraph (3) of said Article, the rehabilitation creditor who holds the rehabilitation claim subject to objection may file a petition with the court, within an unextendable period of three weeks from the last day of the period for making objections, for valuation of rehabilitation claim; provided, however, that where the rehabilitation claim in question is accompanied by an enforceable title of obligation or final judgment, such petition shall be filed by the person who made the objection.

(2) In the case referred to in the proviso to the preceding paragraph, if a petition for valuation of rehabilitation claim is not filed within an unextendable period set forth in the main clause of the preceding paragraph or such petition is dismissed without prejudice, any objection set forth in the main clause of paragraph (1) of the preceding Article or paragraph (3) of said Article shall be deemed to have never been made.

３ 再生債権の評価の申立てをするときは、申立人は、その申立てに係る手続の費用として裁判所の定める金額を予納しなければならない。

(3) When filing a petition for valuation of rehabilitation claim, a petitioner shall prepay an amount designated by the court as expenses for proceedings for the petition.

４ 前項に規定する費用の予納がないときは、裁判所は、再生債権の評価の申立てを却下しなければならない。

(4) If prepayment of expenses prescribed in the preceding paragraph is not made, the court shall dismiss without prejudice the petition for valuation of rehabilitation claim.

(5) The court, when designating, in an order under the provision of Article 223 (1), the matter set forth in paragraph (2)(ii) of said Article as a duty of an individual rehabilitation commissioner, shall also specify a period during which he/she should report the results of the investigation to the court.

(6) An individual rehabilitation commissioner for whom the matter set forth in Article 223 (2)(ii) is designated as his/her duty may request the rehabilitation debtor or his/her statutory agent or a rehabilitation creditor (limited to a rehabilitation creditor in cases where the matter set forth in Article 223 (2)(i) is also designated as the individual rehabilitation commissioner's duty) to produce materials concerning the existence or nonexistence of the rehabilitation claim in question and the estimated amount of deficiency.

７ 再生債権の評価においては、裁判所は、再生債権の評価の申立てに係る再生債権について、その債権の存否及び額又は担保不足見込額を定める。

(7) In the valuation of rehabilitation claim, the court shall determine the existence or nonexistence of the rehabilitation claim pertaining to a petition for valuation of rehabilitation claim and the amount thereof or estimated amount of deficiency.

(8) The court, when conducting the valuation of rehabilitation claim, shall hear opinions of an individual rehabilitation commissioner for whom the matter set forth in Article 223 (2)(ii) is designated as his/her duty.

９ 第七項の規定による再生債権の評価については、第二百二十一条第五項の規定を準用する。

(9) With regard to the valuation of rehabilitation claim under the provision of paragraph (7), the provision of Article 221 (5) shall apply mutatis mutandis.

(10) The provisions of the preceding paragraphs shall not apply to a claim for a fine, etc. arising prior to the commencement of rehabilitation proceedings, and to a home loan claim prescribed in Article 198 (1) in cases where the rehabilitation debtor has stated in the list of creditors that he/she has the intention of submitting a proposed rehabilitation plan that specifies special clauses on home loan.

（貸借対照表の作成等の免除）

(Exemption from Duty to Prepare Balance Sheets, etc.)

第二百二十八条 小規模個人再生においては、再生債務者は、第百二十四条第二項の規定による貸借対照表の作成及び提出をすることを要しない。

Article 228 In the case of rehabilitation for individuals with small-scale debts, the rehabilitation debtor shall not be required to prepare and submit balance sheets under the provision of Article 124 (2).

Article 229 (1) In the case of rehabilitation for individuals with small-scale debts, the content of any modification of rights based on a rehabilitation plan shall be equal between rehabilitation creditors, except where any rehabilitation creditor who will suffer detriment has given consent or where the plan otherwise provides for the due date of small rehabilitation claim or for any of the claims listed in Article 84 (2).

(2) An extension of the term for debt under the clauses that modify rights of rehabilitation creditors, unless otherwise provided for pursuant to the provision of the preceding paragraph, shall be prescribed as follows:

一 弁済期が三月に一回以上到来する分割払の方法によること。

(i) Payment shall be made based on an installment payment plan wherein the due date comes more than once in three months.

(ii) The final due date is set as a certain day in the month that includes the day on which three years elapse since the date of the order of confirmation of the rehabilitation plan becoming final and binding (in cases where there are special circumstances, a certain day which comes within five years since the date of the order of confirmation of the rehabilitation plan becoming final and binding, and comes after the first day of the month following the month that includes the day on which three years elapse since said date).

(3) Notwithstanding the provision of paragraph (1), with regard to any of the following rehabilitation claims, a rehabilitation plan may not provide for reduction and release of debts or any other measures that would affect the rights concerned, except with consent of the rehabilitation creditor concerned:

一 再生債務者が悪意で加えた不法行為に基づく損害賠償請求権

(i) A claim for damages for a tort that the rehabilitation debtor has committed in bad faith

二 再生債務者が故意又は重大な過失により加えた人の生命又は身体を害する不法行為に基づく損害賠償請求権（前号に掲げる請求権を除く。）

(ii) A claim for damages for a tort harming the life or body of another that the rehabilitation debtor has committed intentionally or by gross negligence (excluding the claim set forth in the preceding item)

(c) The duty concerning the custody of a child under the provision of Article 766 of the Civil Code (including cases where applied mutatis mutandis pursuant to Article 749, Article 771 and Article 788 of said Code)

(4) The provision of paragraph (1) shall not apply between a person who is subject to a modification of rights by special clauses on home loan and other rehabilitation creditors, and the provision of paragraph (2) shall not apply to special clauses on home loan.

Article 230 (1) The court may not refer a proposed rehabilitation plan to a resolution unless the ordinary period for making objections (in cases where a special period for making objections is specified, such period shall be included) has expired and a written report set forth in Article 125 (1) has been submitted. Where an objection under the provision of the main clause of Article 226 (1) is made within said ordinary period for making objections (including cases where an objection under the provision of paragraph (3) of said Article is made within a special period for making objection, if any such period is specified), the court also may not refer such a plan to a resolution until an unextendable period set forth in the main clause of Article 227 (1) has expired (if a petition for valuation of rehabilitation claim is filed within such unextendable period, until the valuation of rehabilitation claim is conducted).

(2) The court may not refer a proposed rehabilitation plan to a resolution where it finds that the proposed rehabilitation plan falls under any of the grounds set forth in the items of Article 174 (2) (excluding item (iii); or Article 202 (2)(i) to (iii) if the proposed rehabilitation plan specifies special clauses on home loan) or the cases set forth in the items of paragraph (2) of the following Article.

(3) When a proposed rehabilitation plan is submitted, the court, except in the cases referred to in the preceding two paragraphs, shall make an order to refer the proposed rehabilitation plan to a resolution, while designating the method set forth in Article 169 (2)(ii) as a method for exercising voting rights and setting a time limit for giving a notice to the court in the case of diverse exercise of a voting right under the provision of Article 172 (2) (including cases where applied mutatis mutandis pursuant to paragraph (3) of said Article).

(4) The court, when it has made an order set forth in the preceding paragraph, shall make a public notice to that effect, and give a notice to voting right holders with regard to the time limit prescribed in said paragraph, the contents of the proposed rehabilitation plan or the gist thereof, and to the effect that any person who does not consent to the proposed rehabilitation plan should respond to that effect within the period specified by the court by the method designated pursuant to the provision of said paragraph.

(5) For the purpose of application of the provision of Article 172 (2) (including cases where applied mutatis mutandis pursuant to paragraph (3) of said Article) in cases where an order set forth in paragraph (3) is made, the phrase "the first sentence of Article 169 (2)" in paragraph (2) of said Article shall be deemed to be replaced with "Article 230 (3)."

(6) If the number of voting right holders who have responded, within the period set forth in paragraph (4) by the method set forth in said paragraph, that they do not consent to a proposed rehabilitation plan, is less than half of the total number of voting right holders, and the amount of voting rights held by voting right holders who have thus responded does not exceed half of the total amount of voting rights held by all voting holders, it shall be deemed that the proposed rehabilitation plan is approved.

(7) For the purpose of application of the provision of the preceding paragraph in cases where any of the voting right holders who have responded by the method set forth in paragraph (4) that they do not consent to a proposed rehabilitation plan, has exercised only part of his/her voting right pursuant to the provision of Article 172 (2) (including cases where applied mutatis mutandis pursuant to paragraph (3) of said Article), for each such voting right holder, the total number of voting right holders shall be increased by one and the number of voting right holders who have responded by the method set forth in paragraph (4) that they do not consent to the proposed rehabilitation plan shall be increased by one-half, respectively.

(8) A holder of filed rehabilitation claim may exercise his/her voting right, in the case of a filed rehabilitation claim to which no objection is made before the expiration of the ordinary period for making objections or the special period for making objections (excluding one prescribed in Article 226 (5); hereinafter referred to as a "claim without objection"), according to the amount of filed rehabilitation claim or estimated amount of deficiency, and in the case of a rehabilitation claim for which the court has determined the amount of claim or estimated amount of deficiency pursuant to the provision of Article 227 (7) (hereinafter referred to as an "valued claim"), according to these amounts, respectively.

Article 231 (1) In the case of rehabilitation for individuals with small-scale debts, where a proposed rehabilitation plan is approved, the court shall make an order of confirmation of the rehabilitation plan, except in the case referred to in Article 174 (2) (or Article 202 (2) if the proposed rehabilitation plan specifies special clauses on home loan) or the cases set forth in the following paragraph.

２ 小規模個人再生においては、裁判所は、次の各号のいずれかに該当する場合にも、再生計画不認可の決定をする。

(2) In the case of rehabilitation for individuals with small-scale debts, the court may also make an order of disconfirmation in any of the cases set forth in the following items:

一 再生債務者が将来において継続的に又は反復して収入を得る見込みがないとき。

(i) Where the rehabilitation debtor is unlikely to earn income continuously or regularly in the future.

(ii) Where the total of the amount of claims without objection and the amount of valued claims (excluding the amount of home loan claim(s), the amount of rehabilitation claim(s) for which payment is expected to be received by exercising a right of separate satisfaction, and the amount of claim(s) listed in Article 84 (2)) exceeds 50 million yen.

(iii) Where the total of the amount of claims without objection and the amount of valued claims prescribed in the preceding item is more than 30 million yen but not more than 50 million yen, and the total amount of payment based on the rehabilitation plan (such payment shall hereinafter be referred to as the "total amount of payment based on the plan") for such claims without objection and valued claims (excluding any rehabilitation claim for which payment is expected to be received by exercising a right of separate satisfaction and the claims listed in the items of Article 84 (2); hereinafter referred to as "standard claims") is less than one-tenth of the total of the amount of such claims without objection and the amount of such valued claims.

(iv) Where the total of the amount of claims without objection and the amount of valued claims prescribed in item (ii) is not more than 30 million yen, and the total amount of payment based on the plan is less than one-fifth of the total amount of standard claims or one million yen, whichever is larger (if the total amount of standard claims is less than one million yen, the baseline shall be the total amount of standard claims, and if one-fifth of the total amount of standard claims is more than three million yen, the baseline shall be three million yen).

(v) Where the rehabilitation debtor has stated in the list of creditors that he/she has the intention of submitting a proposed rehabilitation plan that specifies special clauses on home loan, but the rehabilitation plan does not specify any special clauses on home loan.

Article 232 (1) In the case of rehabilitation for individuals with small-scale debts, when an order of confirmation of the rehabilitation plan becomes final and binding, the claims listed in Article 87 (1)(i) to (iii) shall be modified into rehabilitation claims of the amount specified in the respective items.

(2) In the case of rehabilitation for individuals with small-scale debts, when an order of confirmation of the rehabilitation plan becomes final and binding, all rights of rehabilitation creditors (in the case of the claims listed in Article 87 (1)(i) to (iii), the rights as modified pursuant to the provision of the preceding paragraph; excluding the claims listed in the items of Article 229 (3) and claims for fine, etc. arising prior to the commencement of rehabilitation proceedings) shall be modified according to the general standards set forth in Article 156.

(3) In the case prescribed in the preceding paragraph, with regard to a rehabilitation claim modified pursuant to the provision of said paragraph that is not a claim without objection or valued claim, until the payment period specified in the rehabilitation plan expires (or until payment based on the rehabilitation plan is completed or the rehabilitation plan is revoked, if these events occur prior to the expiration of said period; the same shall apply in the following paragraph and paragraph (5)), it is not allowed to make or receive payment or conduct any other act to cause the claim to be extinguished (excluding a release); provided, however, that this shall not apply if the rehabilitation creditor was unable to file a proof of claim regarding such modified rehabilitation claim within the period for filing proofs of claims due to grounds not attributable thereto and such grounds have not ceased to exist before the order prescribed in Article 230 (3) is made, or the modified rehabilitation claim was subject to the valuation of rehabilitation claim.

(4) In the case prescribed in paragraph (2), with regard to any of the claims listed in the items of Article 229 (3) that is a claim without objection or valued claim, payment shall be made according to the general standards set forth in Article 156, and payment shall also be made, upon the expiration of the payment period specified in the rehabilitation plan, for any amount that remains after deducting the amount paid within said payment period from the amount of the claim in question.

(5) In the case prescribed in paragraph (2), with regard to any of the claims listed in the items of Article 229 (3) that is not a claim without objection or valued claim, payment shall be made, upon the expiration of the payment period specified in the rehabilitation plan, for the whole amount of the claim in question; provided, however, that the provision of the preceding paragraph shall apply in the case prescribed in the proviso to paragraph (3).

(6) In the case prescribed in paragraph (2), for the purpose of application of the provisions of Article 182, Article 189 (3) and Article 206 (1), the phrase "rights approved pursuant to the provisions of the rehabilitation plan confirmed or rights as modified pursuant to the provision of paragraph (1) of the preceding Article" in Article 182 shall be deemed to be replaced with "rights as modified pursuant to the provision of Article 232 (2) and claims listed in the items of Article 229 (3)," the phrase "all rights approved pursuant to the provisions of the rehabilitation plan (excluding the parts of rights already performed)" in Article 189 (3) shall be deemed to be replaced with "all rights as modified pursuant to the provision of Article 232 (2) and claims listed in the items of Article 229 (3) (limited to the part to be paid according to the general standards set forth in Article 156 pursuant to the provision of Article 232 (4) (including cases where applied mutatis mutandis pursuant to the proviso to paragraph (5) of said Article))," and the phrase "all rights approved pursuant to the provisions of the rehabilitation plan (excluding those as modified by the special clauses on home loan; excluding the part of rights already performed)" in Article 206 (1) shall be deemed to be replaced with "all rights as modified pursuant to the provision of Article 232 (2) (excluding those as modified by the special clauses on home loan) and claims listed in the items of Article 229 (3) (limited to the part to be paid according to the general standards set forth in Article 156 pursuant to the provision of Article 232 (4) (including cases where applied mutatis mutandis pursuant to the proviso to paragraph (5) of said Article))."

(7) For the purpose of application of the provisions of paragraph (3) to paragraph (5) in cases where an order of confirmation of the rehabilitation plan that specifies special clauses on home loan becomes final and binding, the phrase "payment period specified in the rehabilitation plan" in these paragraphs shall be deemed to be replaced with "payment period specified in the rehabilitation plan (excluding the special clauses on home loan)," the phrase "payment based on the rehabilitation plan" in the main clause of paragraph (3) shall be deemed to be replaced with "payment based on the rehabilitation plan (excluding the special clauses on home loan)," and the phrase "the modified rehabilitation claim was subject to the valuation of rehabilitation claim" in the proviso to paragraph (3) shall be deemed to be replaced with "the modified rehabilitation claim was subject to the valuation of rehabilitation claim or the right as modified is a home loan claim as modified by the special clauses on home loan."

（再生手続の終結）

(Termination of Rehabilitation Proceedings)

第二百三十三条 小規模個人再生においては、再生手続は、再生計画認可の決定の確定によって当然に終結する。

Article 233 In the case of rehabilitation for individuals with small-scale debts, rehabilitation proceedings shall automatically terminate as a result of an order of confirmation of the rehabilitation plan becoming final and binding.

Article 234 (1) In the case of rehabilitation for individuals with small-scale debts, if, after an order of confirmation of the rehabilitation plan is made, it becomes significantly difficult to execute the rehabilitation plan, upon the petition of the rehabilitation debtor, the term for debt specified in the rehabilitation plan may be extended. In this case, the final due date for debt as modified shall be within two years from the final due date for debt initially specified in the rehabilitation plan.

２ 前項の規定により再生計画の変更の申立てがあった場合には、再生計画案の提出があった場合の手続に関する規定を準用する。

(2) Where a petition for modification of the rehabilitation plan is filed pursuant to the provision of the preceding paragraph, the provisions concerning the procedure to be performed upon submission of a proposed rehabilitation plan shall apply mutatis mutandis.

３ 第百七十五条（第二項を除く。）及び第百七十六条の規定は、再生計画の変更の決定があった場合について準用する。

(3) The provisions of Article 175 (excluding paragraph (2)) and Article 176 shall apply mutatis mutandis where an order of modification of a rehabilitation plan is made.

Article 235 (1) Where it becomes extremely difficult for the rehabilitation debtor to execute the rehabilitation plan due to grounds not attributable thereto and all of the requirements listed in the following items are satisfied, the court, upon the petition of the rehabilitation debtor, may make an order of discharge:

(i) With regard to each standard claim as modified pursuant to the provision of Article 232 (2) and each rehabilitation claim prescribed in the proviso to paragraph (3) of said Article, payment is completed for not less than three-fourths of the amount of the claim in question.

(ii) With regard to any of the claims listed in the items of Article 229 (3) (limited to the part to be paid according to the general standards set forth in Article 156 pursuant to the provision of Article 232 (4) (including cases where applied mutatis mutandis pursuant to the proviso to paragraph (5) of said Article)), payment is completed for not less than three-fourths of the amount of the claim in question.

三 免責の決定をすることが再生債権者の一般の利益に反するものでないこと。

(iii) It is not contrary to the common interests of rehabilitation creditors to make an order of discharge.

四 前条の規定による再生計画の変更をすることが極めて困難であること。

(iv) It is extremely difficult to modify the rehabilitation plan under the provision of the preceding Article.

２ 前項の申立てがあったときは、裁判所は、届出再生債権者の意見を聴かなければならない。

(2) When a petition set forth in the preceding paragraph is filed, the court shall hear opinions of holders of filed rehabilitation claims.

３ 免責の決定があったときは、再生債務者及び届出再生債権者に対して、その主文及び理由の要旨を記載した書面を送達しなければならない。

(3) When an order of discharge is made, a document stating the main text of the order and the gist of the reasons attached thereto shall be served upon the rehabilitation debtor and holders of filed rehabilitation claims.

４ 第一項の申立てについての裁判に対しては、即時抗告をすることができる。

(4) An immediate appeal may be filed against a judicial decision on the petition set forth in paragraph (1).

５ 免責の決定は、確定しなければその効力を生じない。

(5) An order of discharge shall not become effective unless it becomes final and binding.

(6) Where an order of discharge becomes final and binding, the rehabilitation debtor shall be discharged from his/her liabilities for all debts owed to rehabilitation creditors (excluding claims listed in the items of Article 229 (3) and a claim for a fine, etc. arising prior to the commencement of rehabilitation proceedings), except for the parts already performed.

(7) The fact that an order of discharge has become final and binding shall not affect any security interests prescribed in Article 53 (1) held by holders of rights of separate satisfaction, any rights held by rehabilitation creditors against the rehabilitation debtor's guarantor or any other person who owes debts jointly with the rehabilitation debtor, or any security provided by persons other than the rehabilitation debtor in the interest of rehabilitation creditors.

(8) For the purpose of application of the provisions of paragraph (2) and paragraph (3) in cases where a rehabilitation plan specifies special clauses on home loan, the term "holders of filed rehabilitation claims" in paragraph (2) shall be deemed to be replaced with "holders of filed rehabilitation claims and a person who is subject to a modification of rights by special clauses on home loan," and the phrase "and holders of filed rehabilitation claims" in paragraph (3) shall be deemed to be replaced with ", holders of filed rehabilitation claims and a person who is subject to a modification of rights by special clauses on home loan."

Article 236 In the case of rehabilitation for individuals with small-scale debts, where an order of confirmation of the rehabilitation plan becomes final and binding, the court, upon the petition of a rehabilitation creditor, may also make an order of revocation of the rehabilitation plan even when it has become obvious that the total amount of payment based on the plan falls below the total amount of distribution for standard claims as calculated on the assumption that bankruptcy proceedings are enforced against the rehabilitation debtor at the time when the order of confirmation of the rehabilitation plan is made. In this case, the provision of Article 189 (2) shall apply mutatis mutandis.

Article 237 (1) In the case of rehabilitation for individuals with small-scale debts, where the number of voting right holders who have responded, within the period set forth in Article 230 (4) by the method set forth in Article 230 (4), that they do not consent to a proposed rehabilitation plan, is not less than half of the total number of voting right holders, or the amount of voting rights held by voting right holders who have thus responded exceeds half of the total amount of voting rights held by all voting holders, the court, by its own authority, shall also make an order of discontinuance of rehabilitation proceedings. In this case, the provision of paragraph (7) of said Article shall apply mutatis mutandis.

(2) In the case of rehabilitation for individuals with small-scale debts, where the rehabilitation debtor has failed to state property that should be stated in the inventory of assets or made a false statement, the court, upon the petition of a holder of filed rehabilitation claim or individual rehabilitation commissioner or by its own authority, may make an order of discontinuance of rehabilitation proceedings. In this case, the provision of Article 193 (2) shall apply mutatis mutandis.

（通常の再生手続に関する規定の適用除外）

(Exclusion from Application of Provisions on Ordinary Rehabilitation Proceedings)

Article 239 (1) A debtor prescribed in Article 221 (1), if he/she is likely to receive salary or earn similar regular income and the amount of such salary or income is expected to fluctuate within a small range, may request the implementation of rehabilitation proceedings subject to the special provisions prescribed in this Section (hereinafter referred to as "rehabilitation for salaried workers, etc.").

(2) A request for rehabilitation for salaried workers, etc. shall be made upon filing a petition for commencement of rehabilitation proceedings (in cases where a creditor has filed a petition for commencement of rehabilitation proceedings, such request shall be made by the time when an order of commencement of rehabilitation proceedings is made).

(3) When making a request set forth in the preceding paragraph, the rehabilitation debtor shall clarify whether or not he/she has the intention of seeking the commencement of ordinary rehabilitation proceedings where it becomes obvious that said request does not satisfy the requirements prescribed in Article 221 (1) or in Article 221 (3) as applied mutatis mutandis pursuant to Article 244, and also clarify whether or not he/she has the intention of seeking the commencement of proceedings for rehabilitation for individuals with small-scale debts where it becomes obvious that any of the grounds set forth in the items of paragraph (5) exist; provided, however, that this shall not apply where a creditor has filed a petition for commencement of rehabilitation proceedings.

(4) The court, when it finds that the request set forth in paragraph (2) obviously does not satisfy the requirements prescribed in the main clause of the preceding paragraph, shall make an order, only before making an order of commencement of rehabilitation proceedings, to the effect that the rehabilitation case shall be handled through ordinary rehabilitation proceedings; provided, however, that if the rehabilitation debtor has clarified, pursuant to the provision of the main clause of the preceding paragraph, that he/she has no intention of seeking the commencement of ordinary rehabilitation proceedings, the court shall dismiss with prejudice on the merits the petition for commencement of rehabilitation proceedings.

(5) In addition to the case prescribed in the preceding paragraph, where a request set forth in paragraph (2) is made, the court, when it finds that any of the grounds set forth in the following items obviously exist, shall make an order, only before making an order of commencement of rehabilitation proceedings, to the effect that the rehabilitation case shall be handled through proceedings for rehabilitation for individuals with small-scale debts; provided, however, that if the rehabilitation debtor has clarified, pursuant to the provision of the main clause of paragraph (3), that he/she has no intention of seeking the commencement of proceedings for rehabilitation for individuals with small-scale debts, the court shall dismiss with prejudice on the merits the petition for commencement of rehabilitation proceedings:

(ii) The rehabilitation debtor falls under any of the grounds listed in (a) to (c) below, and he/she has made the request within seven years from the day specified in (a) to (c), respectively:

イ 給与所得者等再生における再生計画が遂行されたこと 当該再生計画認可の決定の確定の日

(a) A rehabilitation plan has been executed through proceedings for rehabilitation for salaried workers, etc.: The day on which the order of commencement of the rehabilitation plan became final and binding